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UW Expert: Child Tax Credit End Could Be ‘Devastating’ for WI Families

Wisconsin families may have received their last Child Tax Credit payment for a while, as Congress has missed its year-end deadline to pass President Joe Biden’s Build Back Better framework.

The roughly $2 trillion package would have reauthorized the expanded Child Tax Credit through 2022. Parents received their last credit on Dec. 15, and Timothy Smeeding, professor of public affairs and economics at the University of Wisconsin Madison, said to get the rest of the aid, they’ll need to file their income tax returns for 2021.

“So, there’s still another $1,500 or $1,800, depending on how old the child is, that will come to them once they file their taxes this next spring,” he said.