Updated on July 15, 2021 at 6:55 pm
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Damaris Nazario was one of millions of parents who woke up to a tax credit direct deposited in her bank account Thursday. It s for her two-year-old son Elliot, as part of the new Expanded Child Tax Credit. In my case, I m not working, and I know for a lot of families it means a lot, too, because they re not working or whatever, Nazario said. Download our mobile app for iOS or Android to get alerts for local breaking news and weather.
Under the new credit that s part of the American Rescue Plan, income-eligible parents are now receiving monthly payments of up to $300 for children under 6 adding up to $3,600 annually, and $250 monthly for children 6-17-years-old, or up to $3,000 annually.
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