Finance

Monthly child tax credit a lifeline amid loss of unemployment benefits

0


MoMo Productions | DigitalVision | Getty Images

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.

More from Personal Finance:
Why inflation is both good and bad for your wallet
How to avoid overspending in this hot housing market
Some states will ban evictions…



Source cnbc.com

0 0 votes
Article Rating

How to avoid overspending in a hot housing market

Previous article

ADP private payrolls May 2021: Up nearly 1 million

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Finance