Saturday, Jan. 15, marks the first month since summer 2021 that more than 1.2 million Ohio families will not receive a monthly child tax credit payment.
The expanded child tax credit, part of the American Rescue Plan, gave parents $300 per month for children ages five and younger, and $250 per month for children ages six to 17, totaling $3,600 for one year for younger kids and $3,000 for older kids. The payments were divided into monthly payments from July through December of 2021.
Petrik said the payments helped families pay for rent, childcare, food, utilities and more. In Ohio, 2.1 million children received the payments. That’s the case for Jason Carter and his wife. The Cincinnati-area couple, parents to a one-and-a-half-year-old daughter, said this was going to be the year they could take the next steps toward their dreams.
“So now in the job I have, it takes two, two and a half paychecks to make up for one paycheck I was previously making,” Carter said, adding that they “definitely still need” the child tax credit payments.“We need it,” he said. Carter said he and his wife have “tremendous goals that we want to accomplish, and we worked very hard to get to where we are.” But they come from families caught in a system of “being impoverished and not having these resources.” He said he’s realizing costs like child care can also put you back into that situation.
The child tax credit payments helped her provide care for her children while she and her business partner worked to get the business, Achieve Psychology, off the ground and start seeing income from it.
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