A basic income pilot in Stockton, California provided $500 monthly payments to 125 residents with no strings attached. From improved family wellbeing and financial stability to an increase in full-time employment, these positive impacts hold hope for the refundable Child Tax Credit (CTC) .
The CTC in the recently signed American Rescue Plan will provide periodic payments to nearly all families with children so they can use as they see fit. While currently this credit is only available for tax year 2021, the congressional sponsors hope that this will become a permanent provision. It provides families with $250 per child […]
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