A new child tax credit program is now open for applications, but the deadline is fast approaching.

Connecticut's budget bill, which Governor Ned Lamont signed into law recently, includes the new child tax credit.

On June 1, applications opened, and families eligible for the credit will get a rebate of up to $250 each, capped at three children for a grand total of $700.

By clicking on "2022 CT Child Tax Rebate", eligible families can now apply through the Department of Revenue Service portal.

Applicants must submit their applications by July 31, and Gov. Lamont said payments should begin in August, around the beginning of school.

The rebates will be sent out to all eligible Connecticut families as soon as possible," he said.

Marginalized groups saw a reduction in food insufficiency due to payments

Additionally, the Bureau found that certain groups benefited more from child tax credit payments.

Researchers found that the CTC reduces food insufficiency among Black, Latino, and White low-income families alike,

and the effects are concentrated among families with incomes below $35,000, the study found.

Food insufficiency was greatly reduced by CTC payments

An NBER study examining the effects of child tax credit payments revealed startling conclusions.

A study conducted by the University of California, San Diego found that the child tax credit payments reduced food

insufficiency in low-income households with children by 7.5 percentage points (25 percent).

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