Child Tax Credit Is Still A Feasible Option

child tax credit

When the pandemic roared in the world the federal government issued a bunch of Child Tax Credits to citizens.

Many claims and a bunch of mistakes. Not only stimulus checks but other checks were also available. The lawmakers did think about the citizens. They provided financial assistance when the world was crushing. Unemployment rose along with homelessness. Stimulus check continued till March 2021. When Joe Biden took over the White House he didn’t stop former president Trump’s American rescue plan. He pushed a bit more perhaps. However, he expected Child Tax Credit would likely continue a bit more. The Republicans took over the house and immediately pushed the stop button.

Families With Children Are Eligible To File For Child Tax Credit

The Child Tax Credit dried up originally in 2022. Even after so much effort, the lawmakers failed the citizens. The Republicans agreed with the economic experts of the country. After inflation, more Child Tax Credits would have ruptured the economy of the country more. They were already recovering from post-pandemic. Immediately they were attacked with the worst inflation in the last 40 years.

They initially issued $3000 for children under 17. Six to seventeen-year-old children with families got up to $3000. Nevertheless, families with children who are younger than six years old got more. They were rewarded with $3600.

How many Congressmen have passed a bill called the End Child Poverty Act? The main figures behind the implementation of the act were Ilhan Omar, Rashida Tlaib, and Chuy Garcia. The struggling families will be rewarded every month with $393.

Not so Little amount during the difficult time. The proposal is yet to be passed at the federal level. This amount would benefit them in numerous ways. They will not starve to death at least. Child Tax Credit could save the whole family.