Although she received the Child Tax Credit before this year, the regular monthly payments and larger sum from the expanded Child Tax Credit became a "safety blanket" for Sims and her daughter, Addilynn, Sims said. Under a provision in the American Rescue Plan, 39 million families are now eligible for the expanded Child Tax Credit, according to the IRS, but the current program is set to lapse at the end of the year. MORE: 2021 Child Tax Credit calculator: How much could you receive? Sims said she's being realistic and planning for what happens if the expanded Child Tax Credit payments disappear. Parents brace for more limited Child Tax Credit in Democratic dealmaking originally appeared on abcnews.go.com

Source: ABC News October 26, 2021 19:42 UTC