Millions of families will not receive the monthly child tax credit payments this weekend for the first time in six months as the program expired at the end of last year.
A protest in support of the child tax credit in December. Photo: Sarah Silbiger/Bloomberg via Getty Imagesfor the first time in six months as the program expired at the end of last year.. The payments were part of the American Rescue Plan passed in 2021 and were seen as one of the largest anti-poverty measures in modern history.
Biden's social spending bill, known as Build Back Better, would have permanently extended those payments to many families beyond a Dec. 31 deadline, but it did not pass by the end ofFamilies received up to $300 per month for children under 6 and up to $250 per month for children 6–17.What they're saying:
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Goodbye 'godsend': Families going without monthly deposit as child tax credit program expiresFor the first time in half a year, families on Friday are going without a monthly deposit from the child tax credit.
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What If Congress Made The Child Tax Credit Taxable?I am author of the book 'Caring for Our Parents' and senior fellow at The Urban Institute, where I am affiliated with the Tax Policy Center and the Program on Retirement Policy. I also write a tax and budget policy blog, TaxVox, which you may read at Forbes.com or at http://taxvox.taxpolicycenter.org/ Before joining Urban, I was a senior correspondent in the Washington bureau of Business Week.
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