Lessons From The 2021 Child Tax Credit Expansion Informing State Policy Debates


credit:

In 2016, President Trump signed an executive order expanding the child tax credit, a move that cut child poverty in half and led to a 1.4 percentage-point drop in poverty over a year.

Two years later, the credit is set to expire, and a new report from the Urban Institute and the University of California-Berkeley Opportunity Lab finds that the program has had a positive effect on children, reducing racial disparities and helping low-income families file returns more easily.

Here are five takeaways from the report: Full CTC refundability reduced racial disparities.

Prior to the expansion of the CTC in 2016, one-third of US children (those living in the lowest-income families) did not qualify for the full credit.

Among Black and Hispanic households with children, one-half did not qualify.

Because the credit was made fully refundable in 2021, families at the bottom of the income distribution could get the same benefit as those with higher incomes.Simplified tax filing helped families who don't traditionally file taxes claim the credit.

The IRS automatically delivered CTC payments to many families based on recent tax information the agency already had.

State-level CTCs.

Since the credit was expanded, 29 states have either created or expanded CTCs or EITCs, and eight of those have done so in

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Meet the Ethiopian Women Revolutionizing Children'S Education Across the Globe

If you're an 8-year-old in Ethiopia, there's a new app for that. HaHu Scripts is a mobile app that "gamify[s] learning of Amharic and Tigrigna languages," according to its website. It's the...more

Walnut Coding Supports "Programming the Future" Event in Chengdu, Popularizing Ai ...

A 5-year-old Chinese boy is being called "China's Elon Musk" after he programmed a character to catch thieves, Quartz reports. According to China's People's Daily Online, Junyi Zhang created the...more

3 Houston Health Tech Innovators to Know This Week

Howard Berman is the CEO and co-founder of Coya Therapeutics, a Houston biotech company focused on Alzheimer's and other neurodegenerative diseases. But when Berman's father was diagnosed with...more

Close to $15 Million in Funding Available for Innovative Outreach That Connects More ...

The Women, Infants, and Children (WIC) nutrition program, which provides food for pregnant women, breastfeeding mothers, and children up to age 5, has been shown to provide "wide-ranging benefits,"...more

Learnroll Llc Joins Innovators Network at American Heart Association Center for ...

"As a woman founder with early cardiovascular risk, I am acutely aware of the urgent need to address women's healthcare, particularly in cardiovascular risk areas." That's the message fromELLE...more

Top Themes from the National Child Care Innovation Summit

"I'm here because child care is not only a social issue or a women's issue. It is also an economic issue," Secretary of Commerce Gina Raimondo said last week as she kicked off the National Child...more

Foundation Engages Innovation Techniques on Low-Performing Pupils

A foundation in Nigeria is using board games and talking books to improve the education of children who attend government-owned schools. Teach the Child Initiative founder Pearl Utuk, who spoke...more

For the First Time as a Mother: Bar Zomer'S New Collection

Bar Zomer recently gave birth to her first child, a daughter, and she's making headlines for another reason as well: She's the face of Israeli baby and children's fashion brand Minna. In a press...more

Programs for Parents, Inc. 40Th Anniversary Early Childhood Innovation &Amp; Impact Gala ...

New Jersey Gov. Chris Christie has declared a state of emergency in 16 counties in the wake of last week's massive boardwalk fire in Atlantic City, the Star-Ledger reports. Gov. Chris...more

It'S Time To Get A Bathing Suit: The Tide Is Going Out On Responsible Investing

The Supreme Court ruled Friday that private foundations can't be forced to disclose their investments to retirees in retirement plans. The decision in Loper Bright Enterprises v.Raimondo was 5-4,...more


Children News from...


Gates Foundation

David Tran, CEO of Huy Fong Foods, makers of the popular Sriracha hot sauce with the green cap, hopes to fill a hot sauce gap where social entrepreneurs can learn from.



Federal Government Grant and Assistance Programs


Lead Educational Outreach and Baseline Assessment of Tribal Children"s Exposure and Risks Associated | Infant Adoption Awareness Training | Fisheries Development and Utilization Research and Development Grants and Cooperative Agreements Pro | Predictive Science Academic Alliance Program | Rail Line Relocation and Improvement | Hurricane Katrina Relief | Emergency Management Institute (EMI)_Resident Educational Program | Bunker Hill Groundwater Basin, Riverside-Corona Feeder Project | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders