New child tax credit could lift millions of children out of poverty
This credit will provide $3,600 for each child under age six. Some supporters of this new assistance, though, are concerned it will only last one year Author: Richard Allyn (Reporter) Updated: 10:51 PM PST March 11, 2021
SAN DIEGO COUNTY, Calif. A key component of that nearly $2 trillion federal stimulus plan signed by President Biden Thursday will give thousands more dollars to most American families with kids. Economists believe this new credit will help lift as many as four million children out of poverty.
This new child tax credit marks an increase from $2,000 per child under the previous stimulus bill. How long this assistance will last has some parents concerned.