Insider NJ. March 2022. After the expiration of the 2021 CTC expansion, millions of children were forced into poverty. In recognition of the one-year anniversary of the ARP, New Jersey is highlighting the effects of the CTC expansion’s end. Since the expiration, nearly 97,000 children in New Jersey were pushed back into poverty, and if the plan is not reinstated, the state will also lose $514.8 million in additional economic activity each month.
Child Tax Credit Expiration Likely Pushes 97,000 Kids in New Jersey Back Into Poverty