child tax credit

State Sen. Andy Zay said Wednesday that he will introduce legislation considering fetuses dependent children — allowing expectant parents to claim an income tax exemption worth $2,500.

Many policy experts point to a permanent Child Tax Credit, made available to low- and no-income families, as an effective strategy for reducing child poverty.

The American Rescue Plan increased tax credits for each child and allowed families to receive money in advance rather than when filing taxes.

Hunger and food insecurity across the United States have dropped measurably over the past six months, but the need remains far above pre-pandemic levels.

The federal child tax credit expansion could gradually increase consumer spending in the state by more than $700 million according to a recent report from Hoosier Action and Community Change Action.