Child Tax Credit Delay Affecting Thousands Of Parents - News Summed Up

Child Tax Credit Delay Affecting Thousands Of Parents


The Internal Revenue Service failed to send child tax credit payments on time to 700,000 households this month, and some are still waiting for their full benefit. “We know people depend on receiving these payments on time and we apologize for the delay,” the IRS said in a statement. This year Democrats transformed the child tax credit from a tax-time refund for some low-income families into a monthly cash benefit for the vast majority of households with children. Married parents earning less than $150,000 receive $300 per child under 6 and $250 for kids under 18. Though the program is essentially a child allowance, Democrats created it through the tax code so they could call it a “tax cut” rather than a big government welfare program.


Source: Huffington Post September 27, 2021 14:48 UTC



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