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New $3000 Child Tax Credit Could Raise Issues for Divorced Parents


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Photo: (Photo : Photo by Anastasia Shuraeva from Pexels)
The American Rescue Plan Act signed into law on March 4 included a new child tax credit that will offer a significant financial boost to millions of Americans.
The new law provides updates to the new child tax credit, $1,400 stimulus checks, and expanded unemployment insurance. Families will receive a $3,000 annual gain per child aged 6 to 17 and $3,600 for each child under the age of 6 in the tax year 2021 under the new rules.
Approximately 4.1 million children under 18 are expected to directly benefit and be brought above the poverty line. Another 5.75 million children will move closer to the poverty line, including children of divorced parents and unmarried couples. ....

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How to Save Money: Dealing With a Budget


1. Be conscious
When spending, it is significant that one is conscious of it.
It is undeniable that buying something could be full of joy. Some people enjoy buying as a way to feel the jolt.
According to an article from psychology today, you may ask yourself these questions:
Is it in your interest to buy that?
How else could you give yourself pleasure?
2. Do not be tempted to overspend
Although you will sometimes feel that the amount you have been spending is just the right amount, this cannot always be the case. Sometimes, even small amounts that you thought will not affect your budget can significantly impact saving money. ....

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