The families that could miss out on US Child Tax Credit payments ...Middle East

Quartz - Economy

Families around the US are getting an economic boost today as the federal government issues the first of its updated Child Tax Credit. It’s now formulated as monthly automatic direct payments to most families in the US with children under 17. It was included as a key anti-poverty measure in the Biden administration’s coronavirus relief bill—the American Rescue Plan—that became law in March. The Internal Revenue Service (IRS) is distributing the money to taxpayers based on recent income tax filings. That means some of the most in need of the money—could miss out.The credit this year is greater than what parents used to claim on their annual tax returns, and for the first time the money is bei

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Last updated : 15 July 2021 clock 09:30 PM

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The families that could miss out on US Child Tax Credit payments ...Middle East

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