More Than 30 Million Families Will Soon Lose Child Tax Credit Benefits
Posted on AllSides January 14th, 2022
From The Center
More than 30 million families are at risk of losing their child tax credit benefits this weekend after Congrees failed to pass an extension of the safety net program that benefited children during the pandemic.
The Biden administration initially expanded the credit in 2021 after removing the work requirement and saw the CTC reach $93 billion to 36 million families over a span of six month. The CTC gave a $300 tax credit for every child 5-years-old or younger and a $250 tax credit for every child between the ages...