160×600
160×600
$147.53
-0.64%
$2,638.78
+0.51%
$2,540.77
+0.03%
$3,584.85
-1.28%
$282.19
+0.41%
$342.52
-0.56%
$277.61
-0.75%
$212.12
-1.23%
$151.77
-2.37%
$168.70
+0.2%
$37.94
-2.31%
$57.35
-2.71%
$44.30
-1.57%
$248.15
-0.16%
$141.75
+0.06%

Child tax credit cash to start hitting parents’ bank accounts Thursday | Local


Under the terms of the program, legal permanent residents are eligible for the payments.

Bednar said both she and her husband work full-time, and child care in Madison for their 5-year-old and 2-year-old is “just absolutely insane.”

“I think something has to give somewhere,” she said. “And so whether that’s a more permanent kind of credit coming into the parents or something that would help to lower that cost and subsidize it at the facility, I feel like something has to happen and that’s something I would support tax-wise.”

Hayley Chesnik, senior director of strategic collaborations at the United Way of Dane County, which works with and provides funding for a range of local nonprofits serving families and youth, said that, as the pandemic has stressed family budgets, the agency has seen a “large influx” of calls to its 211 help line for basic needs such as food, rent and utilities.

The payments give families “the power to make decisions about what’s best for them,” she said.

1.2 million to benefit

Tamarine Cornelius, a research analyst with the liberal advocacy and research group Kids Forward, said more than 90% of children in Wisconsin will benefit from the tax credits, or about 1.2 million, including 94,000 who will be lifted either out of poverty or closer to the poverty line.



Read More: Child tax credit cash to start hitting parents’ bank accounts Thursday | Local

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