The end of unprecedented pandemic-era federal benefits for families has sent US child poverty rates
Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child. Those national benefits helped cut the child-poverty rate by nearly half to 5.2% in 2021, according to the Census Bureau.
But the rate spiked to 12.4% last year after the program lapsed and a Democratic-led ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.