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Trying to opt out is a pain, some parents say.
A researcher says many rural families who didn’t qualify for child tax credits in the past will receive the funds now.
A disproportionate number of Black and Latinx Americans don’t have bank accounts. Studies show they could be losing money.
The monthly payments can lead to small changes that have long-term effects, experts say.
The expanded federal child tax credit could help many parents foot the bill for supplies.
Starting July 15, most parents will get monthly payments for half of the tax credit instead of a lump sum at tax time.
The American Rescue Plan includes a monthly child tax credit, but it’s not enough to pay for full-time child care in most states.
COVID-19 stimulus checks began to phase out for individuals making more than this amount.
Eligible parents could get monthly checks under the proposal instead of a yearly credit when they file their taxes.
Now that the party’s in control in Washington, progressives are aiming high.