Child Tax Credit Enhancements Under the American Rescue Plan
Type
Fact Sheet or Infographic
Year
2021
Level
National
State(s)
All States
Policy Areas
Children & Families, Economic Justice
President Joe Biden’s COVID-19 relief package, the American Rescue Plan, includes a significant expansion of the Child Tax Credit (CTC). The proposal provides a $125 billion boost in funding for the program, which would double the size of the existing federal credit for households with children. This infographic explains the benefits of this expansion and their potential impact on different racial and income groups.