New 'Rainy Day Fund' gives families up to $630 - find out when you can claim it

In 2023, working families in Pennsylvania will be able to claim up to $650 in state child tax credits.

Tom Wolf set aside $25 million for the Child and Dependent Care Enhancement Program, 

Which is modeled after the federal child tax credit. The governor's website indicates

That families earning over $43,000 may qualify for $180 for one child or $360 for two or more children.

In households earning less than $43,000, families may be eligible for $315 for one child, or $630 for two or more children.

According to Governor Wolf, parents should never have to worry about the cost of providing 

Their children with an educational, safe, supportive, and fun environment while they are at work.

The number of children you can claim for the child tax credit

Families with qualifying children can take advantage of the child tax credit.

Children can be claimed in any number, but there are strict criteria for claiming them.

1. A biological child, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, 

They must:

Or descendant of one of these (e.g. grandchild, niece, nephew) may apply.

2. During the year, they should not exceed half of their own financial support

3. More than half of the year has been spent with you

5. You must be a US citizen, national, or resident alien

6. A valid Social Security number is required.

4. Be properly claimed as a dependent on your tax return

If certain conditions are met, older dependents and college students may qualify to receive a maximum of $500 each.

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