July 15, 2021

Yahoo! Money: Millions of American families plan for ‘life-changing’ Child Tax Credit payments

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“This is super targeted to lower income families,” Aidan Davis, senior policy analyst at the Institute for Taxation and Economic Policy (ITEP), told Yahoo Money. “The families that are being targeted through this enhancement are families that are struggling to pay for rent, keep up with necessities, or they’re having trouble paying for things like diapers, school supplies, and putting food on the table throughout the year.”

Almost two-thirds of the CTC benefits will go to the bottom 60% of families, those making less than $70,000 a year like the Meyette family, according to ITEP. Read more