The latest Child Tax Credit is worth $1,000.
More than 30,000 kids in Vermont could benefit from the credit.
The Child Tax Credit isn’t available for everyone. $1,000 will be sent to children 5 and younger. In Vermont, the Governor signed this into law for families who make less than $12,500 or less each year. Read more about it here.
Each family that claims the Child Tax Credit would lose $20 per $1,000 over the threshold of the household income. This tax credit that was just passed in Vermont mirrors an emergency provision that was extended during the pandemic.
The new checks are expected to make a major difference in the lives of the families who qualify.
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