PA: Biden’s child tax credit will spread wealth. But 13K Philly kids stand to miss out (Includes audio)
WHYY – July 23, 2021
The Advanced Child Tax Credit, along with other expanded tax benefits in the American Rescue Plan Act, could reduce child poverty by one-third in Philadelphia, and deep child poverty by one-half, according to City estimates. In total, 75,000 people could rise out of poverty due to the tax credits, which function more like a direct stimulus payment.
Also: Advance Child Tax Credit Payments in 2021: https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
Biden’s child tax credit will spread wealth. But 13K Philly kids stand to miss out