EFFECTS OF THE EXPANDED CHILD TAX CREDIT ON EMPLOYMENT OUTCOMES | Evidence from the Midwest and Implications for Illinois

The Child Tax Credit (CTC) underwent a significant transformation under the American Rescue Plan Act (ARP-CTC) from July to December 2021, becoming a near-universal child allowance. The expanded CTC represented a significant milestone in US social policy, included increasing the maximum annual benefit size, making the benefit fully refundable, and converting the annual payment to … Read more