Eligible families have until April 18 to file to get the refundable credit.
The study also showed that child care was a big expense for families with children under 5, with 25% saying they spent some of their monthly payments on it.
“There’s evidence that people really need support there in terms of affordable child care,” Small said.on social programs and to combat climate change included funding to hold down the costs of child care in addition to an extension of the expanded Child Tax Credit, which expired at the end of 2021.but failed in the Senate due to the opposition of every Republican and Democrat Joe Manchin of West Virginia.
More than 1 million New Jersey families benefitted by the expanded credit, which was part of President Joe Biden’sFrom D.C. to Trenton to your town, the N.J. Politics newsletter brings the news right to your inbox. Sign up with your email here: The stimulus bill provided credits of $3,000 per child aged 6-17 and $3,600 for children under 6. More than 1.7 million New Jersey children were eligible to receive the credit. The credits began phasing out for individuals making more than $75,000 and married couples filing jointly making more than $150,000.
The credit brought an estimated 89,000 New Jersey children out of poverty, according to the Center on Budget and Policy Priorities, a progressive research group.
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