Monthly Child-Tax Credit Payments at an End

The Wall Street Journal wrote about the end of the child tax credit payments and the impact on families’ financial cushion during last year’s Wuhan Virus-related dislocation. What Ensign and Rubin missed in their piece, though, is what those payments actually are, and their upcoming impact.

Those monthly child-tax credit payments were advances on 2021’s income tax refunds. In addition to the cash flow (not income) drop from the payments’ cessation, payback of those advances on or about mid-April (or later, should the IRS decide to delay the due date for tax returns, again) will be a cast iron bitch for those lower income families whom the Progressive-Democrats were pretending to help with the advances.

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