White Paper

Child Tax Credit Has a Critical Role in Helping Families Maintain Economic Stability

Economic assistance programs help provide low-income individuals and families with income stability, with benefits accruing not just to the families receiving assistance but to the economy as a whole. This paper reviews how cash assistance programs—the Earned Income Tax Credit (EITC), Child Tax Credit, and TANF—and other in-kind supports, such as SNAP, Medicaid, and housing assistance, serve as a backstop for unpredictable income, low income, and joblessness among low-income households who face economic transitions. The paper also highlights the critical role of the expanded Child Tax Credit, which provided families a monthly cash payment between July and December 2021.

Source
Partner Resources
Topics/Subtopics
Asset Building
Earned Income Tax Credit
Supportive Services
Child Care
Health/Behavioral Health Referrals and Supports
Housing Assistance
SNAP/Food Assistance
Special Populations
TANF Program Administration
Tribal TANF
TANF Policy and Legislation
Publication Date
2022-04-14
Section/Feed Type
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