Family Tax PoliciesFederal tax policy is a vital component to securing the well-being of children and their families in the United States. In fact, there are four key tax policies that provide more money for families with children than all other federal programs combined, including educational programs, health care insurance for children, and nutritional assistance.
This fact sheet provides an overview about the following tax policies:
- Tax Exemption for Dependent Children,
- Child Tax Credit,
- Earned Income Tax Credit, and
- Child and Dependent Care Tax Credit