States use tax revenue and unused federal aid for inflation relief through rebates and stimulus payments and some states continue to support families by providing child tax credits (CTCs) ranging in value from $180 to $1,750 for each child.
Because of the enlarged CTC, most working-class Americans earned $3,000 for children under the age of 18 and $3,600 for children under the age of six.
However, the credit was only enhanced for 2021. When President Biden’s Build Back Better initiative failed to gain congressional approval in 2022, the maximum CTC amount was reverted to $2,000 per child.
Nowadays, 11 states are sending refundable CTCs totaling between $180 and $1,750 per eligible child to families.
While Republicans oppose these incentives less passionately than federal legislation, they typically originate in Democratic-majority states, and those that have succeeded have frequently received bipartisan support.
Read More: Navigating Virginia’s 2023 Budget Deal: Pay Increases, Tax Relief, And School Investments
States That Offers Child Tax Credit
- Every Californian family that qualifies and earns less than $25,000 will get $1,083, but only for children under the age of six who meet the conditions of the California Earned Income Tax Credit (CalEITC).
- Residents of Colorado who have kids under the age of six are eligible for payments ranging from $200 to $1,200, with earnings providing the most benefit.
- Residents of Maine must pay $350 for each kid. The benefit is available to children under the age of 17.
- All Maryland households who meet the income requirements can receive $500. Families with impaired children receive the maximum payment, with a steep qualifying cutoff of $15,000 for households with children under the age of six.
- Each child in a Massachusetts family will earn $180.
- Children in Minnesota will each receive $1,750, with maximums of $29,500/$35,000 (single/joint filers).
- Residents of New Jersey will get a maximum of $1,000 per kid.
- New Mexicans will receive up to $600 for each child.
- The residents of New York will receive up to $333 for each child.
- Oregonian households will get a maximum of $1,000 per child.
- Vermont residents will receive up to $1,000 for each child.
Read More: Chronic Wasting Disease: Wisconsin Deer Farm Faces Threat Of Fatal Brain Disease Outbreak