Parents reported less trouble affording food and paying for household expenses after the first enhanced child tax credit payment was sent on July 15, according to the latest Census Bureau Household Pulse Survey
Parents reported less trouble affording food and paying for household expenses after the first payment was sent on July 15, according to the latest Census Bureau Household Pulse Survey, released Wednesday.The next installment -- as much as $300 for each child up to age 6 and $250 for each one ages 6 through 17 -- is scheduled for Friday.
More low-income parents also became eligible for the child tax credit because the relief package makes it fully refundable. It had been only partially refundable -- leaving more than 26 million children unable to get the full credit because their families' incomes were too low, according to Treasury Department estimates.The beefed-up credit is scheduled to expire after 2021, but President Joe Biden and congressional Democrats want to extend it for a few more years, if not make it permanent.