06/15/2026
$47 million.
That's the estimated annual tax relief Rhode Island's new Child Tax Credit will provide to families across the state.
Included in the FY 2027 budget signed by Governor Dan McKee, Rhode Island's first-ever Child Tax Credit will provide a refundable credit of up to $330 per child and is expected to benefit more than 70,000 qualifying families.
This milestone reflects Rhode Island's commitment to strengthening family economic security. We were honored to support Rhode Island leaders through our State Policy Academy on Supporting Families with Comprehensive Tax Policies, where participants explored evidence-based tax policy strategies that can help improve outcomes for children and families.
When families have greater economic security, children are better positioned to thrive.