A look at the final monthly CTC payments

Source: Niskanen Center
by Will Raderman

“Last month marked the final monthly Child Tax Credit (CTC) payment. Without legislative action, the credit will return to being a smaller annual refund for the upcoming tax season. Low-income and cash-strapped families will still receive half of the 2021 enhanced credit at tax time, so they may not experience the negative impact immediately. However, the December Census Household Pulse Survey indicates the reversion will likely hurt a sizable proportion of the nation’s children. Families that endured food insufficiency even while receiving the expanded credit will suffer the most.” (01/12/22)