Biden’s Proposal to Expand the Child Tax Credit: Explained

President-elect Biden’s $1.9 trillion pandemic aid plan includes a temporary but significant expansion of the Child Tax Credit.

The more generous tax credit is part of a wave of proposed new spending that would provide more direct payments to people, financial aid for states and cities, and expanded Covid-19 testing and vaccination programs.

Under the plan, the CTC would rise to $3,000 per child for a year and it would be fully refundable. The perk would be $3,600 for those under six and families with 17-year-olds would be eligible.

Samuel Hammond, the director of poverty and welfare policy ...