Stories tagged: "child tax credit"
The legislation could help lower- and middle-income families save hundreds of dollars a year on their taxes on average and help reduce the costs of childcare for all families.
Free and discounted tax preparation resources are available to Pennsylvanians looking to save money and avoid headaches this tax season. In addition, some new tax rules are in effect which can potentially help taxpayers save money.
Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.
The final monthly payment of the child tax credit arrived last week—families will get another six months’ worth when they file their taxes in 2022—but President Joe Biden and Democrats in Congress want to extend the provision another year through the Build Back Better Act.
Biden says the Build Back Better Agenda will help middle-class working families recover from the hardships of the pandemic.
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Moms are not okay. The pandemic has taken a toll and they are exhausted and struggling to find affordable child care. But help could be on the way, as President Joe Biden has a plan to pass a once-in-a-generation investment to help working families.
Starting July 15, families will start getting monthly checks thanks to the expanded child tax credit included in the American Rescue Plan. That could be a big deal for Pennsylvania families.
