News Round Up: July 12, 2021
July 12, 2021Print
Top Story: The IRS is set to begin issuing Child Tax Credit (CTC) payments on July 15. If families do not receive their anticipated payments, they can use the IRS’s Child Tax Credit Update Portal to confirm their eligibility, enrollment in advance payments, and update bank account information. (NJ.com)
- Tomorrow, July 13, the Institute on Taxation and Economic Policy (ITEP) will host a webinar on the CTC expansion. A panel of policy experts will discuss the evidence around the benefits of providing unconditional monthly income supplements. Register here.
- A new blog post from ITEP urged Congress to include taxpayers who file with Individual Taxpayer Identification Numbers (ITINs) in the final version of President Joe Biden’s proposed American Families Plan, which would permanently expand the Earned Income Tax Credit (EITC) and CTC. (ITEP)
- Florida Policy Institute CEO Sadaf Knight and Florida KIDS COUNT Director Norín Dollard highlighted the importance of enacting state and federal reforms to support children, such as making expansions to the Child and Dependent Care Tax Credit (CDCTC) and CTC permanent. (Tampa Bay Times)
- The Washington State Budget & Policy Center analyzed tax code changes enacted in the state this year, including the enactment of the state’s Working Families Tax Credit, and their impact on the state’s economic recovery. (Budget & Policy Center)