April 6th, 2021
Poverty rates for children under 18 years are as high as 40.0% or more in parts of the Hudson Valley. With the new $1.9 trillion stimulus bill, the 2021 child tax credit is $3,600 for children under six and $3,000 older children. The credit begins to phase out for households earning more than $75,000 and couples making more than $150,000. The credit also extends to families that before were ineligible for making too little. By some estimates, the modified tax credit will push 4.1 million children out of poverty.
