American Families Struggling Again After Just 2 Months Without Child Tax Credit Payments

The US families haven’t received Child Tax Credit for two months. The government ended the program after issuing the six installments in December last year. The low and middle-income families face financial struggle again as they wrestle with the high prices. The Child Tax Credit payments offered a financial cushion to the families and helped … Read more

3.7 Million Kids Fall Below The Poverty Level After The Child Tax Credit Ends

The cessation of Child Tax Credit payments has had detrimental effects on individuals’ livelihood. The study shows that 3.7 million children have fallen back into poverty this year. The families haven’t received the Child Tax Credit for two months now; the credit expired in December last year. NPR reports that the child poverty rate in … Read more

Many Parents Started New Businesses With Child Tax Credit, Reports Say

Many US parents raised their bar and launched a new business with the help of Child Tax Credit. The pandemic affected job loss among millions of parents; the government introduced CTC payments to provide fundamental monetary support to low-income families. Many struggling parents fought their financial struggle and used the relief benefits to materialize their … Read more

IRS Has Issued $9.5 Billion In Refunds At Present: Check Recent Updates

IRS released the tax refund figures till February 4; beneficiaries received refunds worth $9.5 billion. The average amount per individual was $2,201. IRS had processed more than 4.3 million payments till February 4. The last date for filing the returns is April 18. IRS will issue tax refunds based on the tax return information. Yahoo … Read more