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Child Tax Credit: How are families coping without stimulus aid?

The child tax credit ended in Dec., marking the last advanced payment families would see from the expanded tax credit.

child tax credit paperwork with a pencil and calculator

3.7 million children fell into poverty after it ended.

Before that point, children under 6 were seeing payments worth $300 per month from July through Dec.

Children ages 6 to 17 were seeing up to $250 per month for the same months.

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How to claim a missed payment for the Child Tax Credit

The amount jumped from $2,000 to $3,600 for children under 6 and $3,000 for children 6-17.

The payments were the first half of these credits ahead of time.

It’s been three months since payments ended.

Many parents expressed frustration at losing the payments so abruptly while the pandemic was still causing a financial strain.

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Children were able to have access to other things like educational outings, haircuts, or new clothes and shoes.

Those receiving the extra money were already close to or in poverty.

Many politicians are working to help create a new type of child tax credit as families struggle to get by.

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