How did the anti-poverty impact of the Child Tax Credit vary by state? New analysis featured in Brookings-Hamilton Project series on US child poverty
In this report published by The Hamilton Project at The Brookings Institution, CPSP affiliate Bradley Hardy and CPSP researchers examine the state variation in poverty reduction effects of the 2021 expanded Child Tax Credit. The greatest level of poverty reduction was seen in states with relatively lower costs of living and higher pre-expansion poverty rates.
One Year On: What we know about the expanded Child Tax Credit
Since the introduction of the first monthly Child Tax Credit payment in July 2021, a continuous stream of research has emerged tracking the impact of this new policy on the lives of children and their families. This round up compiles the range of publicly available information on what we know so far.
Monthly poverty rose in April and May 2022 after temporary tax time dip
Monthly poverty rates rose in April to 13.0% and May to 14.1% following the temporary dip in March when most refundable tax credits were delivered. The monthly child poverty rate rose to 14.1% in April and 16.6% in May.
December Child Tax Credit kept 3.7 million children from poverty
The sixth Child Tax Credit payment kept 3.7 million children from poverty in December. In absence of a January payment, the monthly child poverty rate could potentially increase from 12.1 percent to at least 17.1 percent in early 2022.
What we know from the first 6 months of the expanded Child Tax Credit
Since the introduction of the first monthly Child Tax Credit payment in July 2021, a continuous stream of research has emerged tracking the impact of this new policy on the lives of children and their families. This round up compiles the range of publicly available information on what we know so far.
November 2021 Child Tax Credit payment kept 3.8 million children from poverty
According to our latest projections, the expanded Child Tax Credit kept 3.8 million children from poverty with its fifth monthly payment in November 2021.
Expanded Child Tax Credit continues to keep millions of children from poverty in September 2021
According to our latest projections, the expanded Child Tax Credit kept 3.4 million children from poverty with its third monthly payment in September 2021.
Second Child Tax Credit payment keeps 3.5 million children out of poverty
According to our latest projections, the child poverty rate declined from 11.9 percent in July 2021 (the month featuring the first CTC payment) to 11.5 percent in August 2021. Without the CTC, the monthly child poverty rate in August 2021 would have been 16.2 percent.
Child poverty drops in July with the Child Tax Credit expansion
According to our latest projections, the monthly SPM poverty rate for children fell from 15.8 percent in June to 11.9 percent in July 2021, representing a decline of 3 million children living in poverty. This drop in child poverty is primarily due to the first payment of the expanded Child Tax Credit.