child tax credit

Statewide

Child poverty more than doubles — a year after hitting record low, Census data shows

The poverty rate in the U.S. has risen dramatically in the year since pandemic benefits ran out — and the child poverty rate has more than doubled, according to U.S. Census Bureau's annual data on poverty, income and health insurance released Tuesday.

Many policy experts point to a permanent Child Tax Credit, made available to low- and no-income families, as an effective strategy for reducing child poverty.

Health

Tightening abortion laws reignite conversation around a permanent Child Tax Credit

As states take steps to tighten abortion laws, conversations have been reignited about how to best support families and babies. Many policy experts point to a permanent Child Tax Credit, made available to low- and no-income families, as one way to do that.

A report from the Center on Budget and Policy Priorities estimates roughly 175,000 Hoosier children are at risk of slipping back into poverty or deeper into poverty if the expanded federal child tax credit ends after December.

Statewide

If child tax credit payments end, 175K Hoosier kids at risk of slipping back, deeper into poverty

Samantha Horton

Roughly 175,000 Hoosier children under the age of 18 are at risk of slipping back into poverty or deeper into poverty if the expanded federal child tax credit ends after December.

The U.S. Department of Treasury started dispersing the monthly advanced child tax credit payments in July after being expanded through the American Rescue Plan.

Statewide

Advanced Child Tax Credit Could Boost Hoosier Spending By More Than $700M

Samantha Horton

Under the tax credit, Hoosier parents can receive monthly cash payments from $250-$300 for children under 18. In the past, that credit would come when filing taxes.

Since April, the Families First Coronavirus Response Act has let parents take up to 10 weeks of paid leave if their child care provider or school closed for in-person instruction.

Statewide

Hoosier Families Are Already Getting The New Child Tax Credit

Justin Hicks

Some Hoosiers received the first monthly installment of a child tax credit Thursday. It's a one-year-only program from the American Rescue Plan designed to help families emerge from the pandemic.