federal child tax credit
Pro Publica investigation: Welfare is no substitute for a Child Tax Credit
Those in Congress who are blocking President Biden’s proposed child tax credit — a monthly federal stipend for families with children of up to $300 per child — have been making a curious claim of late. They’ve been saying that there is already a highly effective cash assistance program for low-income parents and kids: Temporary Assistance for Needy Families, or TANF.
The expanded federal child tax credit is helping families. Congress is debating its future.
Like millions of women, Sarah Anderson saw her income drop during the pandemic when her two part-time jobs ended and caring for her four children and supervising online school consumed her days. The federal child tax credit helped fill the gap left by that lost income. Parents started receiving monthly payments of $250 to $300 for each child on July 15 and will do so through December.
How the new, expanded federal child tax credit will work
WASHINGTON — The most ambitious part of the pandemic stimulus package signed by President Joe Biden earlier this year is about to hit the bank accounts of millions of U.S. parents. Starting this week and ending in December, the vast majority of U.S. households with children will begin receiving monthly payments as a result of changes in that law expanding and reworking the federal child tax credit.