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Money in the bank: Child tax credit dollars head to parents | iNFOnews | Thompson-Okanagan s News Source

Josh Boak Tamika Daniel poses for a photo in Richmond, Va., Thursday, July 15, 2021. Daniel, a 35-year-old mother of four, will start receiving the Child Tax Credit on Thursday. The extra $1,000 a month for the next year could be a life-changer for Daniel, who now works as a community organizer for a Richmond nonprofit. It will help provide a security deposit on a new apartment. (AP Photo/John C. Clark) July 15, 2021 - 12:57 PM WASHINGTON (AP) — The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel. That changed Thursday when the first payment of $1,000 hit Daniel’s bank account — and dollars started flowing to the pockets of more than 35 million families around the country. Daniel, a 35-year-old mother of four, didn’t even know the tax credit existed until President Joe Biden expanded it for one year as part of the $1.9 trillion coronavirus relief package that passed in March.

What you need to know about the expanded child tax credit

What you need to know about the expanded child tax credit
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