Michelmore weighs in on Child Tax Credit payments in BBC, MarktetWatch
The first monthly Child Tax Credit (CTC) payments are scheduled to arrive this week. The advance payments on the expanded tax credit are being distributed through direct deposits and paper checks on July 15, August 13, Sept. 15, Oct. 15, Nov. 15 and Dec. 15, according to the Internal Revenue Service. Various research shows the timing and certainty of payments and benefits can really matter in a family’s financial life from month to month, especially if the family is struggling, says Katherine Michelmore, associate professor of public administration and international affairs. Knowing the CTC money is "coming on a specific day is really helpful to families that are living paycheck to paycheck," she says. Read more in the MarketWatch article, "Enhanced Child Tax Credits of up to $3,600 per child start this week: ‘I’m going to be able to do a lot’."
Michelmore was also quoted in the BBC News article, "Why the US is launching a $300 monthly child benefit."