Child Tax Credit Expansion: a Resource for Families
Before 2021, 27 million low-income children were excluded from the full Child Tax Credit (CTC). The American Rescue Plan (ARP) has temporarily closed this gap for one year. CTC Expansion Previously, the maximum CTC refund was $1,400. Families earning below $2,500 annually received nothing, while wealthy families got the full $2,000 credit. For those with [...]