1.6 million Latino children would be left in poverty without expanded child tax credit, CBPP says

1.6 million Latino children would be left in poverty without expanded child tax credit, CBPP says

The Center on Budget and Policy Priorities (CBPP) pointed out that it is essential that Congress recognize the need for the extension of the Child Tax Credit, because otherwise millions of children will fall into poverty. The CBPP, which is a think tank that analyzes the impact of federal and state government budget policies, emphasized … Read more

Child poverty in the US increased since Child Tax Credit checks ended

Child poverty in the US increased since Child Tax Credit checks ended

The poverty rate for children in the US has increased since the government’s monthly checks for the expanded Child Tax Credit (CTC) ended in December.according to a recent study by researchers at Columbia University. Another 3.7 million children fell into poverty in January, their analysis found. That brought the national child poverty rate to 17% … Read more

Parents will receive up to $1,800 per child this year when claiming the second part of the Child Tax Credit on their IRS tax return

Parents will receive up to ,800 per child this year when claiming the second part of the Child Tax Credit on their IRS tax return

The Internal Revenue Service (IRS) building in Washington, DC Photo: STEFANI REYNOLDS/AFP/Getty Images The Letter 6419 that continues to be sent by the Internal Revenue Service (IRS) to taxpayers is the key document to request the remaining money or 50% of the Child Tax Credit that the Biden Administration began distributing last July. The IRS … Read more

Why the Build Back Better social program has not been approved, which gives continuity to advance payments of the Child Tax Credit

Why the Build Back Better social program has not been approved, which gives continuity to advance payments of the Child Tax Credit

Senator Joe Manchin said he will not vote for Build Back Better. Photo: LEIGH VOGEL/AFP/Getty Images Last December, the budget of $2 billion dollars should have been approved that would give life to the Build Back Better program, which will allocate a large amount of resources to social programs that seek to combat the prevailing … Read more

Child Tax Credit: IRS warns that form 6419 has errors and may affect beneficiaries on their taxes

Child Tax Credit: IRS warns that form 6419 has errors and may affect beneficiaries on their taxes

The IRS is advising taxpayers to prepare their tax return early. Photo: Karolina Grabowska/Pexels The Internal Revenue Service (IRS) reported that they are investigating complaints from taxpayers, who point out that the 6419 format does not reflect the correct amount of payments received in 2021 corresponding to the Child Tax Credit. For the above there … Read more

Child Tax Credit: Without the checks, 4 million children are at risk of falling into poverty

Child Tax Credit: Without the checks, 4 million children are at risk of falling into poverty

Families are using 75% of the child tax credit as an emergency spending fund. Photo: Jemal Countess/Getty Images An investigation by the Center for Poverty and Social Policy at Columbia University revealed that the lack of advance payment of the Child Tax Credit corresponding to this first month of the year could put almost 4,000,000 … Read more

Child Tax Credit: With no progress on Build Back Better, 36 million families are left without help

Child Tax Credit: With no progress on Build Back Better, 36 million families are left without help

The Child Tax Credit has been in existence since the 1990s, but was renewed under the American Rescue Plan approved in March. Photo: Bryan Bedder / Getty Images The non-approval of the budget for President Joe Biden’s Build Better program already has consequences, 36 million people will not be able to collect new payments from … Read more