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What NYC Families Need To Know About The New Child Tax Credit Payments Coming Their Way arrow New changes to the federal child tax credit policy could mean that for the first time ever, an estimated 275,000 to 400,000 of New York City’s neediest families will be able to join the program that will send families monthly cash payments starting July 15th. Under President Joe Biden’s American Rescue Plan, the annual child tax credit amount increased from $2,000 per child over the age of six to $3,000. Families with children under the age of six will see an increase in the annual credit from $2,000 per child to $3,600. The age limit was also raised to 17 years old from 16 years old.

New yorkUnited statesColumbia universityJames bishopChuck schumerKirsten gillibrand sengillibrandSarah oltmansChristopher wimerRobin hoodRobin hood foundationServices at mosholu montefiore community centerCenter on povertyNew york cityPresident joe bidenAmerican rescue planChild tax credit