Included in the American Rescue Plan Act is a temporary expansion of both the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC). For the tax year 2021, these expansions raise the minimum EITC for childless workers from about $540 to about $1,500 and expanded the eligible age range to include both young adults ages 19-24 and adults 65 and over. The Center on Budget and Policy Priorities estimates that EITC expansion will benefit 21 percent of workers without children living in rural Maine (a total of 38,000 workers). Some key changes to the CTC include expanding it to reach families with low or no earnings, to count 17-year-olds as dependents, and to increase maximum credits to $3,600 for children under six (and $3,000 for those over 6). In rural Maine, an estimated 92 percent of children under 18 years old will benefit from CTC expansion. #covid-19 #rural #Maine
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