4 million children may miss out on $13 billion in Child Tax Credit funds
CBSN
The enhanced Child Tax Credit is getting billing as one of the most effective strategies in recent years for combatting child poverty. But a new analysis estimates that as many as 4 million children, many from low-income households, could miss out on the payments.
About 60 million children have already received the first payment, which was issued by the IRS on July 15, according to a new analysis from the left-leaning Center on Budget and Policy Priorities. But because the IRS is relying on tax returns to determine who qualifies for the credit and where to send the money, millions of families who don't typically file taxes could fall through the cracks, the analysis says. Four million children could miss out on a total of $13 billion in benefits, the CBPP estimates. The enhanced Child Tax Credit expanded the credit's size to up to $3,600 per child, while also paying half of that sum through six monthly checks of up to $300 per child that would run from July through December. Several families have told CBS MoneyWatch that they plan to use the money for basics like child care, school supplies and clothing for their children.The legalization of online sports betting in many U.S. states has proved a boon for the gambling industry, as well as generated billions in local tax revenue. But the explosive growth in wagering has also had a less savory effect that experts say threatens the integrity of professional sports: a surge in players breaking league rules and placing bets, sometimes on their own teams and personal performance.
Tesla recalled all Cybertrucks made between November 13, 2023, to April 4, 2024. The MY 2024 Cybertrucks have faulty accelerator pedals that may be dislodged when high force is applied, the National Highway Traffic Association, which issued the recall report, said. The recall affects nearly 4,000 cars, Reuters reported.
BISBEE, Ariz. — Boots dusty, lungs heaving, Dr. John Wiens searched the boulders of a desolate Arizona mountaintop for the last survivors of a 3-million-year-old lizard population — then said the words that both confirmed his life's work and broke his heart. The California condor, the largest flying bird in the U.S., with about 90 adults remaining in the wild. The iconic Florida panther, with about 200 animals remaining. The massive North Atlantic right whale, which roams the Atlantic Ocean; all that's left are 250 individuals.