Child Tax Credits (CTC) are created by the states or the federal government to provide direct financial relief to families, enable better support for children’s needs, reduce poverty, and improve long-term social outcomes. Especially in the past few years they have become an invaluable tool to offset some of the child rearing costs that burden families and encourage them to file taxes even when they do not need to to get these rebates. Not all CTC are equal, some are cash rebates that are fully refundable, while some offset the amount of taxes a family owes, but they all […]
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