How the Child Tax Credit Expansion Benefits Families

💰The Child Tax Credit expansion has lifted more than 2 million children out of poverty.

🧒Families have used the Child Tax Credit to cover essential expenses like food, household necessities, and clothing for their children.

💵The expansion of the Child Tax Credit provided parents with $600 per child, but the amount has since been reduced to $2,000 per child.

🏢The American Rescue Plan expanded the Child Tax Credit in 2021, but the expansion ended in 2022.

📈Lawmakers have announced a bipartisan deal to further expand the Child Tax Credit, increasing the maximum refund per child in the coming years.

How has the Child Tax Credit expansion benefited families?

—The Child Tax Credit expansion has lifted more than 2 million children out of poverty and has provided financial support for essential expenses.

What was the amount of the Child Tax Credit expansion?

—The Child Tax Credit expansion provided parents with $600 per child, but the amount has since been reduced to $2,000 per child.

When did the Child Tax Credit expansion end?

—The Child Tax Credit expansion ended in 2022.

What is the proposed agreement to further expand the Child Tax Credit?

—The proposed agreement would increase the maximum refund per child in the coming years.

Has the bipartisan deal to expand the Child Tax Credit been passed?

—The bill has not been passed yet, but there is hope that it will be passed soon.

00:00Lawmakers have announced a bipartisan deal to expand the Child Tax Credit.

00:12The previous expansion of the Child Tax Credit lifted more than 2 million children out of poverty.

00:37Families have used the Child Tax Credit to cover essential expenses like food, household necessities, and clothing for their children.

01:11The Child Tax Credit expansion provided parents with $600 per child.

01:41Lawmakers have announced a bipartisan deal to further expand the Child Tax Credit, increasing the maximum refund per child in the coming years.