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This week, roughly 39 million American families with children will start receiving payments from the 2021 enhanced child tax credit.
It will amount to hundreds of dollars per month for some.The money will be a huge help to eligible families as they grapple with the end of Covid-era unemployment benefits and protections that helped people stay in their homes, according to an analysis by financial services firm Cowen.The American Rescue Plan, passed in March, enlarged the existing child tax credit. For 2021, the maximum credit is $3,600 for children younger than age 6 and $3,000 for those […]
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