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Families Embrace Their A, B, CTCs As Child Tax Credit Expands To Monthly Payouts

Quoted: “It’s transformative,” said Tim Smeeding, a professor of economics and public affairs at the University of Wisconsin-Madison. “It’s a recognition that kids are expensive, and that we as a society have an obligation and an interest in having them grow up well, and do well.”

Smeeding noted that it’s particularly remarkable for including families who aren’t typically reached by the Earned Income Tax Credit, like the children of immigrant parents and “grandfamilies” — families where kids live with grandparents at least half of the year, and for whom grandparents provide at least half of the support. Unlike the Earned Income Tax Credit, which families receive as a credit when they file taxes each year, families can be eligible for the child tax credit even if they don’t make enough to file taxes.