Child Tax Credit Would Expand to All Working Families Under New Bill
Summary
A new bill called the Stronger Start for Working Families Act has been introduced in the U.S. Congress. It aims to let low-income families earn the refundable part of the Child Tax Credit starting with their first dollar of work, instead of needing $2,500 in earnings first.Key Facts
- The bill lowers the earned income threshold for the refundable Child Tax Credit from $2,500 to $1.
- The refundable part can be up to $1,700 per child in 2026.
- Currently, families must earn $2,500 before receiving any refundable Child Tax Credit.
- About 19 million children get less than the full credit or none because their families earn too little.
- The bill is backed by both Republican and Democratic lawmakers.
- Groups like Save The Children and the Bipartisan Policy Center support the bill.
- Lowering the threshold means parents start to get tax benefits immediately when they begin working.
- High childcare costs put financial pressure on families, making tax credits important for support.
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