Some Minnesota families praise flexibility of child tax credit’s advanced payment option
This time of year, filing taxes can be tough. But a new program could actually save Minnesota families money.
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This time of year, filing taxes can be tough. But a new program could actually save Minnesota families money.
Minnesota Gov. Tim Walz visited a St. Paul community center on Tuesday morning to urge families to claim the child tax credit.
When Minnesotans file taxes next year, there will be a choice to get half of the state's child tax credit early in advance payments.
WCCO’s Caroline Cummings breaks down what families need to know about Minnesota’s Child Tax Credit payments.
Last year, state lawmakers signed off on what was billed as a nation-leading child tax credit program for low- and middle-income Minnesota families aimed at cutting child poverty by one-third.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
Minnesota state leaders estimate nearly 300,000 families could qualify.
The new Minnesota child tax credit is giving parents more than $1,200 on average. An estimated 300,000 Minnesotans are eligible for the credit, with no limit on the number of kids.
The child tax credit is $1,750 for anyone earning less than $29,500 per year, or $35,000 per family. But — and it's a significant "but" — people earning more than that can also qualify; they will just get less than the $1,750.
The Child Tax Credit is one step closer to getting a major expansion, potentially putting more money in parents' pockets.
An analysis by Columbia University estimates the credit could slash child poverty in Minnesota by one-third.
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The fifth round of advance Child Tax Credit payments went out Monday morning, and parents are already seeing the extra money in their bank accounts.
The next advance Child Tax Credit payment goes out next Monday, with direct deposits arriving almost immediately and mailed checks taking a little longer.
The third round of advance Child Tax Credit payments went out Friday morning, and parents are already seeing the extra money in their bank accounts.
The next advance Child Tax Credit payment goes out Friday, with direct deposits arriving almost immediately and mailed checks taking a little longer.
The next Child Tax Credit payment is due October 15, but some parents may prefer a lump-sum payment at tax time.
The next advance Child Tax Credit payment will be sent out this week, with direct deposits arriving almost immediately and mailed checks taking a little longer.
This is how the updated Child Tax Credit works, along with a few reasons why payments could be delayed, inaccurate, or come in a different form.
The IRS sent out the second round of Child Tax Credit payments Friday morning, and deposits are already showing up in parents' bank accounts.
The advance Child Tax Credit pays parents up to $300 per month per child to help with the cost of raising them.
The next advance Child Tax Credit payment will be sent out this week, and should arrive a couple days earlier than it did last month.
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