Finance

Monthly child tax credit a lifeline amid loss of unemployment benefits

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More than two dozen states are opting out of federal unemployment programs early, meaning nearly 4 million Americans will see their benefits reduced or cut entirely.

But monthly payments of the child tax credit, slated to start July 15, may offer a financial lifeline to parents who lose unemployment benefits and have trouble finding a job or can’t yet return to work.

Households eligible for the credit will get up to $300 a month per child under age 6 and $250 for older kids under 18.

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Source cnbc.com

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