Monthly cash payments could cut child poverty by nearly half, advocates say This May 4, 2021 image shows teacher Graciela Olague-Barrios working with two infants at Cuidando Los Ninos in Albuquerque, N.M. The charity provides housing, child care and financial counseling for mothers, all of whom will benefit from expanded Child Tax Credit payments that will start flowing in July to roughly 39 million households. (Source: AP Photo/Susan Montoya Bryan) By ASHRAF KHALIL | May 19, 2021 at 6:27 AM EDT - Updated May 19 at 6:39 AM
ALBUQUERQUE, N.M. (AP) The check won’t arrive until mid-July, but Katrina Peters already knows what she’ll do with her Child Tax Credit payments. The 20-year-old mother of three has applied to work as a driver with a food delivery app, and the extra cash is earmarked for repairing, registering and insuring her car.
Families of 88% of U.S. kids will start receiving child tax credit payments July 15
MTN
and last updated 2021-05-17 11:16:40-04
WASHINGTON, D.C. â About 39 million U.S. families will begin receiving monthly child tax credit payments on July 15, the Biden administration announced Monday.
The Treasury Department and the Internal Revenue Service say nearly 88% of children in the U.S. are slated to begin receiving the benefits without their parents needing to take any action.
Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above.