Kids are expensive, but tax credits and subsidies — new and old — can help ease the financial load.
child tax credit
Posted inBusiness, Election 2024, Nation / World, Politics, Schools & Education
Having a family is expensive. Here’s what Harris and Trump have said about easing costs
The tickets have 1 main commonality: Both candidates and their running mates have, at one point or another, backed an expanded child tax credit.
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Posted inNation / World, News, Politics
Republican opposition to child tax credit bill could be softening in Senate
The $79 billion legislation pairs an expansion to the child tax credit – a major priority for President Biden and Democrats that nonpartisan estimates say would lift 400,000 children out of poverty.
Posted inNation / World, News
How much the child tax credit could increase and what it means for you
The emerging deal would make the existing child tax credit more generous, a major Democratic priority. In exchange, it would also continue several business tax breaks favored by corporate America, a Republican priority.
Posted inBusiness, Nation / World, News, Politics
You’re not getting child tax credit checks anymore. Here’s why
The policy’s demise has confounded policy experts, who point to ample evidence that the increased benefit helped close gaps in the existing child tax credit.
Posted inNation / World
Here’s how to get up to $3,600 per child in tax credit
Whether or not a family owes tax money or has filed taxes before, they will need to file a return to get all or the rest of their money.
Posted inNation / World
Goodbye, ‘godsend’: Expiration of child tax credits hits home
President Biden had proposed extending them for another full year, but Sen. Joe Manchin, D-W.Va., wouldn’t support it.
Posted inMaine, News, Politics
Maine lawmakers study direct cash payments as anti-poverty tool
Bipartisan support exists for a 2019 basic income proposal that would supplement the safety net for Mainers in need.
Posted inBusiness, Maine, News
Parents tout benefit of child tax credit at event hosted by Gov. Mills, Rep. Pingree
The two Democrats want Congress to make the tax credit permanent, saying it provides critical support for child care and other living expenses.