American Rescue Plan and the Child Tax Credit
In a press release from the White House, the Biden-Harris administration announced that June 21st is Child Tax Credit Awareness Day.
This is to ensure parents know about the American Rescue Plan’s historic expansion of the Child Tax Credit and how it will benefit their families. Critically, as part of Child Tax Credit Awareness Day, the administration will encourage elected officials, organizations that fight for children, and faith-based organizations, to help low-income families—who may have such low-incomes that they are not required to file taxes—to use a new, easy Child Tax Credit sign-up tool to help give their children a lifeline out of poverty.
According to the latest U.S. Census Pulse Survey in May, about 7.6 million adults had someone in their household who took paid or unpaid leave, left their job, lost their job, or did not look for a job in the last month because child care arrangements remain disrupted due to the pandemic—three in four of whom were women and half of whom were women of color. Another 1.2 million women continued to work-from-home while they or another family member cares for their children.
The American Rescue Plan makes health insurance more affordable for millions of Americans.
"People need to be aware of these changes and utilize the benefits," Sen. Tammy Baldwin says.