Homelessness Policy Research Institute’s Post

How can providing cash assistance to low-income families improve children’s lives? The Urban Institute and Berkeley Opportunity Lab will explore this question and discuss how policymakers and researchers can leverage research insights on cash assistance to improve the well-being of some of our nation’s most vulnerable #children. With the upcoming 2025 expiration of temporary modifications to the child #tax credit enacted under the Tax Cuts and Jobs Act, Congress will soon reexamine whether and how much to expand this benefit and, fundamentally, the value of investing in children. Register for this virtual event, Cash Assistance and Child Well-Being: Research and Policy Partnerships That Improve Children’s Lives, on May 23 @ 1p.m. ET https://urbn.is/3UwHjFt #LiveatUrban

Should be good

Thinking about saving for your child's education? Consider the power of a 529 plan! With its tax advantages, contributions grow federally tax-deferred and withdrawals are tax-free when used for qualified education expenses, offering a savvy way to maximize savings. #529Plan #EducationSavings #FinancialPlanning #TaxAdvantages

Do you pay for daycare or a summer camp? Do not forget that you could deduct these off your income. Here are the amounts. Up to $3,000 of qualifying expenses (for a maximum credit of $1,050) for one child or dependent, or Up to $6,000 of qualifying (for a maximum credit of $2,100) for two or more children or dependents. Don't forget to ask your accountant about these expenses. #tax #money #investing

💼The Spring Budget | Rise in the Threshold for Child Benefit Charge In yesterday’s budget, Jeremy Hunt said that child benefits were “good for children, parents, and the economy”. However, he warned that they would need “significant reform to the tax system,” so the change would not happen until April 2026. 👀Read our full article outlining what the reform will mean to approximately 170,000 families exempt from paying a tax charge here: https://lnkd.in/eB4YSHmh #springbudget2024 #springbudget #businessnews #personalfinance #accountancyfirm #LBGroupColchester #LBGroupChelmsford #LBGroupStratford #LBGroupIpswich #LBGroup #womeninaccountancy.

The Child Tax Credit is a valuable benefit designed to help families with the costs of raising children. Here’s a quick overview: The Child Tax Credit can provide a financial boost to eligible families, reducing their tax liability and potentially increasing their tax refund. For qualifying children, families can receive up to $2,000 per child under the age of 17. The credit begins to phase out for higher-income households. To qualify, families must meet certain income requirements and file a tax return. It’s a great way to help ease the financial burden of raising children and support family well-being. Check with a tax professional to see how you can benefit from this credit and ensure you’re maximizing your potential savings! 🧾💡 #ChildTaxCredit #FamilyFinance #TaxTips

The Child Tax Credit is a valuable benefit designed to help families with the costs of raising children. Here’s a quick overview: The Child Tax Credit can provide a financial boost to eligible families, reducing their tax liability and potentially increasing their tax refund. For qualifying children, families can receive up to $2,000 per child under the age of 17. The credit begins to phase out for higher-income households. To qualify, families must meet certain income requirements and file a tax return. It’s a great way to help ease the financial burden of raising children and support family well-being. Check with a tax professional to see how you can benefit from this credit and ensure you’re maximizing your potential savings! 🧾💡 #ChildTaxCredit #FamilyFinance #TaxTips

The Child Tax Credit is a valuable benefit designed to help families with the costs of raising children. Here’s a quick overview: The Child Tax Credit can provide a financial boost to eligible families, reducing their tax liability and potentially increasing their tax refund. For qualifying children, families can receive up to $2,000 per child under the age of 17. The credit begins to phase out for higher-income households. To qualify, families must meet certain income requirements and file a tax return. It’s a great way to help ease the financial burden of raising children and support family well-being. Check with a tax professional to see how you can benefit from this credit and ensure you’re maximizing your potential savings! 🧾💡 #ChildTaxCredit #FamilyFinance #TaxTips

The Child Tax Credit is a valuable benefit designed to help families with the costs of raising children. Here’s a quick overview: The Child Tax Credit can provide a financial boost to eligible families, reducing their tax liability and potentially increasing their tax refund. For qualifying children, families can receive up to $2,000 per child under the age of 17. The credit begins to phase out for higher-income households. To qualify, families must meet certain income requirements and file a tax return. It’s a great way to help ease the financial burden of raising children and support family well-being. Check with a tax professional to see how you can benefit from this credit and ensure you’re maximizing your potential savings! 🧾💡 #ChildTaxCredit #FamilyFinance #TaxTips

The Child Tax Credit is a valuable benefit designed to help families with the costs of raising children. Here’s a quick overview: The Child Tax Credit can provide a financial boost to eligible families, reducing their tax liability and potentially increasing their tax refund. For qualifying children, families can receive up to $2,000 per child under the age of 17. The credit begins to phase out for higher-income households. To qualify, families must meet certain income requirements and file a tax return. It’s a great way to help ease the financial burden of raising children and support family well-being. Check with a tax professional to see how you can benefit from this credit and ensure you’re maximizing your potential savings! 🧾💡 #ChildTaxCredit #FamilyFinance #TaxTips