Tax hesitancy keeps some parents from signing up

0
297

ArtMarie | E+ | Getty Images

‘Vaccine hesitancy’ has become a popular term as public officials urge unvaccinated Americans to protect themselves against the latest Covid-19 outbreak.

Now it turns out there’s also another uncertainty — ‘tax hesitancy’ — that is taking hold among some parents over the expanded monthly child tax credit payments.

The child tax credit was temporarily enhanced this year to provide more generous benefits and monthly payments to qualifying Americans. That includes up to $300 per month per child under age 6 and $250 per month per child ages 6 through 17. In total, families can receive up to $3,600 per child under 6 and $3,000 for those ages 6 to 17.

More from Personal Finance:
What it would take to make the child tax credit expansion permanent
As women opt out of workforce, what that means for Social Security benefits
Where to put your emergency savings amid rising inflation

Half of the payments will be made…

Read full article at www.cnbc.com