Child Tax Credit: What Does The Updated Credit Mean For Families?

Child Tax Credit: What Does The Updated Credit Mean For Families?

( CBS Miami ) — The revised Child Tax Credit is about to take effect. Starting July 15, most parents will receive a monthly payment of up to $300 per child, courtesy of the American Rescue Plan. That extra money, like recurring stimulus checks, can really add up, especially for families on the low end of the income spectrum. It may even be the difference between eating and not eating or paying and not paying rent.

The enhanced Child Tax Credit will be available to about 39 million families, accounting for 65 million children, according to the Biden administration. That […]

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