Almost Every Parent In The Country Will Start Receiving Monthly Checks From The Federal Government
CBS Denver 9 hrs ago Syndicated Local – CBS Denver
AURORA, Colo. (CBS4) – If you have a kid under age 17, chances are you are eligible for the new child tax credit. Starting Thursday, parents will receive up to $300 a month for each child under the age of 6 and $250 for kids 6 to 17 every month.
The exact amount depends on your household income and family size. It’s expected to cut childhood poverty in half because, unlike the previous child tax credit, it will benefit the poorest families – those who don’t make enough to file a tax return.
The pandemic has swamped many working mothers. Already struggling to balance the demands of work and home, they were suddenly confronted last spring with having to add all-day child care and education monitoring to their long list of duties.Â
The result? âThe first word that comes to mind is exhaustion,â says Aleka Bilan, a working mom in Bend, Oregon.Â
Why We Wrote This
For a year millions of working parents, especially moms, have been stretched to the limits by a stay-home swirl of kids and work. Finally policymakers may be listening.
The challenges were felt so broadly that companies and politicians began to pay attention. Some corporations are reexamining their paid sick leave and flexible work policies. Business groups such as the U.S. Chamber of Commerce and the Business Roundtable want to target federal funds for child care.Â