All tagged child tax credit
With tax season quickly approaching, North Carolina families are encouraged to file their federal income taxes to ensure they access their full, expanded Child Tax Credit, as well as other federal benefits. Many families received about half of their tax credit payments in monthly payments in 2021 but will receive the rest of the money they are owed by filing their federal income taxes this year.
This month many families across North Carolina are receiving an installment of the advance Child Tax Credit federal payment, which provides them with up to half of their total credit and bolsters their income to meet immediate needs for children’s health and well-being. These dollars can immediately improve the food and financial security of families with children at a critical time as they work to recover from the pandemic.
