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