Fox8: Many families to receive significant tax breaks per child 17-years-old and younger
Amanda Heitz, assistant professor of finance, was interview by WVUE Fox8 for a story about the impact of President Biden's American Rescue Plan on families with children. The new law increases the tax break for families with children to $3,000 for every child ages 6 to 17 and $3,600 for every child under the age of 6.
“As long as you file your taxes, even if it’s a couple hundred, you’ll be capable of receiving this rebate… previously if you didn’t file or didn’t have enough income to receive the tax credit, you’d be out of luck, and if you think of who this impacts the most, it’s the lowest income that need it the most,” said Heitz.
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