by Contributor | February 8, 2024 7:15 pm
WASHINGTON, D.C. – Today, U.S. Senator Kirsten Gillibrand held a video press conference to call for the passage of the Tax Relief for American Families and Workers Act and revealed how the expanded child tax credit included in it would help New York families. The expansion would make it easier for low-income families to qualify for the Child Tax Credit (CTC), adjust the credit for inflation, and help lift an estimated 400,000 children out of poverty.
“The Child Tax Credit is a lifeline for working families and one of the best tools we have for fighting child poverty,” said Senator Gillibrand. “The Child Tax Credit expansion expired at the end of 2021, and since then, child poverty has more than doubled nationwide. That’s unacceptable. This credit would benefit nearly 900,000 New York kids and save the average family nearly 700 dollars per year. I am calling on my colleagues to pass the expanded CTC to provide additional support to kids most in need.”
The expanded Child Tax Credit would:
In New York, an estimated 887,000 children would benefit from the expanded Child Tax Credit, including:
35,893 in the Capital Region
52,748 in Central New York
48,761 in the Finger Lakes
97,998 in the Hudson Valley
48,903 on Long Island
484,704 in NYC
23,627 in the North Country
25,717 in the Southern Tier
68,649 in Western New York
More information about the Child Tax Credit is available here[1]. Families can calculate how much they would gain from the expanded child tax credit here[2].
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