By Ryan Boetel, Albuquerque Journal
March 28, 2021
Jocelyn Lobato sees the expanded child tax credit as a lifeline for her young family.
Lobato, 28, and her husband, Christopher, 27, had their first child last month. They took out a mortgage on a new home late last year, and they have a monthly payment on a pickup truck.
They don’t hug the poverty line – Lobato said that between her work as an aesthetician and her husband’s career as a firefighter they make about $75,000 a year. But they still have worries.
What would happen if there were an unexpected medical bill? Can they afford private school one day for baby Athens? What about college?
Like most New Mexico families, the Lobatos will be getting extra money in the coming months from the expanded 2021 child tax credit included in the American Rescue Plan.
Read more at the Albuquerque Journal