Colorado affordability tax credit most effective tool to lift children out of poverty, report says

Colorado’s most effective tool for reducing child poverty is a state-level family tax credit that’s in jeopardy for the current tax year, according to a new report from a Colorado nonprofit that aims to improve the wellbeing of children. The Colorado Family Affordability Tax Credit, created by the state Legislature in 2024, pulled 22,500 children [

By: Lindsey Toomer

Outlets: Colorado Newsline

Published: October 14, 2026

Words: 867

Last Updated: 1 day, 5 hours ago


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Colorado’s most effective tool for reducing child poverty is a state-level family tax credit that’s in jeopardy for the current tax year, according to a new report from a Colorado nonprofit that aims to improve the wellbeing of children.

The Colorado Family Affordability Tax Credit, created by the state Legislature in 2024, pulled 22,500 children out of poverty in its first year of implementation, researchers estimated in the “Proof …