The Internal Revenue Service sends letters to millions of parents who got advanced Child Tax Credit payments last year, pushing them to use Letter 6419 to complete their tax returns. However, the agency was alerted that some of the letters ...
The temporary enhancement of the child tax credit expired on December 15 and is predicted to raise childhood poverty from 12 percent to 17 percent in January, the highest level since December 2020. Youngsters of color and Latinos will be ...
The Build Back Better Act, which would have extended the monthly CTC payments for another year, failed to pass Congress in December 2021. However, even if the monthly payments are no longer available, eligible families can still claim the full ...
Columbia University’s Center on Poverty and Social Policy data say the temporary increase in the child tax credit expired on December 15, raised childhood poverty to 17% in January, the highest percentage since December 2020. Youngsters of color and Latinos ...
President Biden’s $1.9 billion coronavirus assistance package was distributed to qualified families in 2021. Those families, however, only got half of their 2021 credit after six months of advance payments with monthly checks of $300 for children under the age ...
In a new study published in JAMA Network Open, the Biden administration’s decision to stop making monthly child tax credit payments could leave millions of American families hungry. According to several news sources, the first missing payment on Jan. 15, ...