Child Tax Credit

The Child Tax Credit (CTC) provides a tax credit to working families to help offset the cost of raising children. Learn more about what it is, why it matters, and how to get it.

The CTC puts money in the pockets of low-income families with kids, helping them afford basics like shelter, clothing, diapers, or education — the kinds of basics proven to improve kids’ health, educational outcomes, and earnings later in life.

The improved and expanded monthly CTC — which made the full credit available to all children except those with the highest incomes, increased the maximum credit amount, and included 17-year-olds — dramatically lowered the number of U.S. children living in poverty. And the ripple effect made our economy stronger by increasing spending in local economies and supporting jobs as families use the money to purchase food, pay bills, and cover school and childcare expenses. National studies confirm CTC payments succeeded in reducing adversity for kids and improving economic stability across the country.

Now that the expansion has expired, those kids are at risk of being pushed back into poverty or facing greater hardship.

Resources

By filing taxes, people and families with low income
can make sure they aren’t leaving money on the table.