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Read previewMore children fell into poverty last year — and it could signal a major issue for both candidates as the presidential election heats up. But child poverty rose faster than that, from 12.4% to 13.7%. "The effectiveness of such a policy is evident when one considers the effects of the Child Tax Credit." And with child poverty only worsening, what candidates can deliver for parents might be particularly salient. Is the rise in child poverty and lack of assistance impacting your family?
Persons: , Steven Durlauf, Joe Biden's, Kamala Harris, Donald Trump's, Joseph Costello, Harris, Walz, JD Vance, Anna Kelly, Kelly, Trump, Adam Ruben, Josh Bivens, they'd Organizations: Service, Business, The University of Chicago, Stone Center for Research, Harris School of Public, Child Tax, Pew Research Center, Economic Security, Census, Economic Policy Institute, jkaplan Locations: U.S
Last week, the IRS announced that it would begin sending out letters to over 9 million people and families who qualify for tax credits, but haven't collected them because they didn't file taxes. "The IRS wants to remind potentially eligible people, especially families, that they may qualify for these valuable tax credits," IRS Commissioner Chuck Rettig said in a statement. "We encourage people who haven't filed a tax return yet for 2021 to review these options. Between the expanded child tax credit, earned income tax credit, and third stimulus check, families could get over $10,000 if they claim their credits, according to Adam Ruben, director of the Economic Security Project. The letters come as debate over whether to restart the child tax credit begins to pick up yet again.
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