Child tax credit starts hitting parents’ bank accounts on Thursday | Local government

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Under the terms of the program, legal permanent residents are eligible for the payments.

Bednar said both she and her husband work full time, and that childcare in Madison for their 5-year-old and 2-year-old is “just absolutely insane.”

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“I think something has to give somewhere,” she said. “And whether that’s a more permanent kind of credit coming in to the parents or something that would help lower those costs and subsidize it in the facility, I feel like something needs to be done and that’s something I would fiscally support.”

Hayley Chesnik, senior director of strategic partnerships at the United Way of Dane County, who works with and provides funding to a range of local nonprofits serving families and youth, said that as the pandemic has strained family budgets, the agency a “large influx” of calls to the 211 helpline for basic needs such as food, rent and utilities.

The payments give families “the power to make decisions about what’s best for them,” she said.

1.2M to take advantage

Tamarine Cornelius, a research analyst with the liberal advocacy and research group Kids Forward, said more than 90% of children in Wisconsin will benefit from the tax credits, or about 1.2 million, including 94,000 who will either be lifted out of poverty or closer. at the poverty line.

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