Key Findings from National Child Tax Credit Survey: CTC Monthly Payments Are Helping Improve Family Well-Being

Parents reported that the monthly Child Tax Credit (CTC) advance payments have reduced financial stress, helped them to afford necessities and, for about one-quarter of respondents receiving monthly payments, work more hours outside of the home, according to a new national survey. The survey also found that, as of October when the survey was conducted, about two-thirds of parents with incomes below $75,000 reported receiving monthly CTC payments, though there are gaps in CTC receipt among certain demographic groups, including Hispanic respondents. The survey of a nationally representative sample of eligible families asked parents questions about (1) tax filing behavior, (2) receipt of the monthly CTC payments, (3) how the monthly payments have impacted their family, and (4) how families are hearing about the CTC.

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