Child Tax Credit Quiz

What is the main focus of the video regarding the child tax credit?

• The introduction of a new tax credit for seniors.

• The potential return of monthly child tax credit payments.

• The elimination of all tax credits.

• The introduction of a tax credit for businesses.

What was the amount of the child tax credit for children under six in 2021?

• $4,000

• $3,600

• $3,000

• $2,000

Why does the Treasury Department support monthly payments of the child tax credit?

• To reduce administrative costs.

• To provide timely financial relief to families.

• To simplify tax filing for families.

• To increase government revenue.

What is one of the goals of Biden's 2025 budget proposal regarding child poverty?

• To maintain current child poverty levels.

• To eliminate all forms of poverty.

• To increase child poverty rates.

• To lift 3 million children out of poverty.

What is the status of the 'Tax Relief for American Families and Workers Act'?

• It has been approved by both the House and the Senate.

• It is currently facing a roadblock in the Senate.

• It has been rejected by the House.

• It is awaiting the President's signature.