Nevada among states most in need of expanded child tax credit, study says
“The expanded child tax credit, which provided monthly payments to families, might be gone but a recent study shows the need for the money hasn’t faded.
In a report released by MagnifyMoney by Lending Tree, Nevada was ranked fifth in states of residents needing the monthly payment the most. Using data from the U.S. Census Bureau Household Pulse Survey, the report estimated nearly 84% of Nevadans urgently need the advance payment.
The final payment for the expanded tax credit was distributed Dec. 15. An effort to extend the credit for one year was included in the Build Back Better bill, a nearly $2 trillion climate policy and social spending plan. The legislation passed in the House in November, but has since stalled in the Senate.”