Feb 05 2024
The Child Tax Credit Expansion in the Bipartisan Tax Bill Will Help Kids Across New Mexico
The expanded Child Tax Credit (CTC) included in the bipartisan Tax Relief for American Families and Workers Act would help lift nearly half a million kids out of poverty nationally next year and will benefit close to 140,000 kids in New Mexico alone in the first year, according to estimates from the Center on Budget and Policy Priorities. The expanded credit will be especially impactful in rural areas, where it will help 51,000 kids living in rural parts of New Mexico, or nearly 1 in 3 of all rural kids living the state.