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Child tax credit

Necessities top child tax credit spending

by Amanda Peacher
Aug 13, 2021
Payments to households with children have been made for the second month after a first round that cost $15 billion.
Most parents who received a child tax credit used it on necessities, like groceries, utilities or school supplies.
Angela Weiss/AFP via Getty Images
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Glitches mark launch of child tax credit payments

by Amanda Peacher
Jul 26, 2021
Trying to opt out is a pain, some parents say.
The overworked IRS is grappling with the disbursement of child tax credit payments, reporter Chabeli Carrazana says.
Jim Watson/AFP via Getty Images
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Child tax credit payments begin, aiding families with basic expenses

by Amanda Peacher
Jul 15, 2021
A researcher says many rural families who didn't qualify for child tax credits in the past will receive the funds now.
Many families are likely to use part of their child tax credit payments on school supplies.
Philippe Huguen/Getty Images
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With child tax credit payments coming, FDIC wants more people to use banks

by Florian Martin
Jul 14, 2021
A disproportionate number of Black and Latinx Americans don’t have bank accounts. Studies show they could be losing money.
The Federal Deposit Insurance Corp. is trying to reduce the proportion of Americans who lack accounts, leaving many to pay check-cashing fees.
Justin Sullivan/Getty Images
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The child tax credit is a first shot at stability for some families

by Caroline Champlin
Jul 13, 2021
The monthly payments can lead to small changes that have long-term effects, experts say.
The upcoming child tax credit payments could give some families a chance to invest in their kids' futures.
Getty Images
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Back-to-school shopping makes a comeback

by Matt Levin
Jul 5, 2021
The expanded federal child tax credit could help many parents foot the bill for supplies.
Family shopping-for-school budgets are likely to get a boost from the recently expanded federal child tax credit.
Justin Sullivan/Getty Images
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The expanded child tax credit could "cut poverty in half"

by Samantha Fields
Jun 28, 2021
Starting July 15, most parents will get monthly payments for half of the tax credit instead of a lump sum at tax time.
More parents will be eligible for the child tax credit this year. Above, a mother and daughter stand outside of a community food pantry in New York.
Spencer Platt via Getty
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Women are still having to choose between a job and child care

by Jasmine Garsd
Mar 9, 2021
The American Rescue Plan includes a monthly child tax credit, but it's not enough to pay for full-time child care in most states.
Women's participation in the workforce is at a record low. Unaffordable child care and pay inequity are some of the reasons why.
Stephanie Keith/Getty Images
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I've Always Wondered ...

How $75,000 became the threshold for receiving a stimulus check

by Janet Nguyen
Mar 4, 2021
COVID-19 stimulus checks began to phase out for individuals making more than this amount.
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Relief bill could lift millions of kids out of poverty by expanding tax credit

by Kimberly Adams
Feb 24, 2021
Eligible parents could get monthly checks under the proposal instead of a yearly credit when they file their taxes.
According to the Organization for Economic Cooperation and Development, the U.S. has one of the highest child poverty rates in the developed world.
Spencer Platt/Getty Images
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