Congress Could Remove Social Security Number Requirement for Child Tax Credit: Who Benefits? – Community News
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Congress Could Remove Social Security Number Requirement for Child Tax Credit: Who Benefits?

The White House is still seeking the vital votes needed to approve the rest of President Biden’s Build Back Better agenda, which has been heralded as a generational investment in American society.

The costs of the current framework are approximately $1.75 trillion and include a wide range of programs to increase the national safety net. AN one year extension The expanded child tax credit is included in proposals, which Biden had hoped to extend through 2025.

But in addition to securing the monthly direct for families, the Build Back Better account would actually qualify for the Children’s discount to groups that could not receive it before.

Children without social security number may soon be eligible

In the past, the Child Tax Rebate limited to families eligible for a Social Security Number (SSN), with the exception of many whose immigration status does not allow it. This doesn’t mean they don’t have a legal right to be in the United States, just that their immigration status requires them to file tax returns using an Individual Tax Identification Number (ITIN).

The Center on Budget and Policy Priorities, an impartial research and policy institute, points out that there is broad public support for supporting children in this position, but a The tax law of 2017 removed the eligibility of the group for the tax credits.

A report from the CBPP reads: “The country has an interest in ensuring these children receive the resources they need to realize their potential, and Build Back Better would ensure that children with ITINs have access to the same credit as other kids.”

If adopted, the Build Back Better package would ensure that these children are not excluded from the monthly payments in the future.

Immigrant families are most likely to miss out on the Child Tax Credit

Recent studies have shown that immigrant parents are less aware of the child discount and therefore: more likely to miss out on their rightful entitlement. While most families should have received the money automatically, low-income households (who usually don’t have to file taxes) had to register for the program separately.

This has resulted in millions of low-income households missing out on support designed to lift the poorest families out of poverty. Forbes cites a survey of parents from the week before the first round of the expanded child tax credit began in July, which found that only 75% of immigrant parents were aware of the credit, compared to 90% of US-born parents.

These problems were exacerbated by structural issues such as the Get CTC online portal, which is used to register for the program, until recently only available in English. The White House had hoped the policy would halve the number of children on the policy over the course of the year, but it looks like it won’t meet that lofty target.