Future of child tax credit may be foggy, but its benefits are growing clearer
“Critics maintain, however, that the changes to the child tax credit could create fiscal, economic and administrative hardships in the long term if made permanent.
The child tax credit was changed in three essential ways this year by the American Rescue Plan: The amount grew from $2,000 to as much as $3,600; recipients could sign up to obtain the money monthly rather than annually; and it became fully refundable, which made even the lowest-income Americans eligible.”