Tax credits help Coloradans take care of themselves and the people they love
Economic mobility is a driver of health. Learn more about how tax credits support improved economic mobility, family resiliency and long term health and educational outcomes for Coloradans and their families.
About THE ECONOMIC MOBILITY PROGRAM
The Get Ahead Colorado and Hacia Adelante Colorado campaigns are funded by the SB22-182 Economic Mobility Program. The campaigns are led by CDPHE’s Economic Mobility Program, which aims to decrease child poverty and increase the economic well-being of all Coloradans across the course of their lives and across generations.
The Economic Mobility Program operates within the Maternal and Child Health (MCH) program at the Colorado Department of Public Health and Environment (CDPHE) and seeks to create an equitable Colorado where all individuals, families, and communities can thrive.
Many Colorado families with children are eligible for the Child Tax Credit.
CTC payments helped reduce child poverty by as much as 40% last tax year. CTC payments provide families with extra income that can go towards the things they need most, like groceries, child care, school supplies, clothing, or even a savings account or college fund.
About 28% of eligible Coloradans miss out on the Earned Income Tax Credit, and these are the people who could benefit the most.
he EITC helps Coloradans achieve greater financial well-being and is the most effective means-tested federal antipoverty program for working-age people and families, lifting millions out of poverty.
Tax credits support healthier Colorado children, families, and communities
When Coloradans have the financial resources to meet their basic needs, individuals, parents, and children can thrive. Tax credits are shown to improve health outcomes and increase health equity, including:
Improved child nutrition
Reduced mental and financial stress
Improved physical health of mothers, including reducing the risk of preterm delivery
Expanded access to affordable housing for individuals and families
Reduced infant mortality and low birth weight
Reduced child maltreatment
Increased health from generation to generation
Improved educational and earnings outcomes