THE Biden administration is promoting its Child Tax Credit hike, which is up 80 percent and will see some families get as much as $3,600 per kid.
American families who are eligible to get the administration’s expanded Child Tax Credit can expect their first payment in mid-July.
The Biden administration is promoting the expanded Child Tax CreditCredit: The White House
Kamala Harris spoke about the credit in PittsburghCredit: AFP
The reformed tax credit will pay up to $3,600 for children five and under and up to $3,000 for children six to 17 in 2021.
The tax credits were previously capped at $2,000 per child.
The increased payments were unveiled as part of President Joe Biden‘s American Rescue Plan and will go out in monthly payments, with a balance being sent out at tax time next year.
Families eligible for the full benefit will receive $300 per week for children under six and $250 per week for children six to 17 starting July 15.
The payments will be automatic for eligible families who filed either 2019 or 2020 tax returns.
The child tax credit was previously capped at $2,000Credit: Getty
The White House launched a website about the expanded creditCredit: The White House
“On July 15th, automatic payments from the Child Tax Credit will begin hitting bank accounts and mailboxes,” Biden tweeted on Monday.
“For a working family with two kids: that’s $500 or more on the 15th of every month this year.”
The White House began a larger push on Monday to raise awareness about the expanded Child Tax Credit.
Vice President Kamala Harris spoke about the cash during an appearance at a Pittsburgh recreation center.
“When more families know about how they can get relief, that is how we will be able to lift our children out of poverty,” she said.
The Biden administration also launched a new Child Tax Credit website which provides details about the checks, when they will go out, who is eligible and other information.
Two-parent families who make up to $150,000 combined will be eligible for the credit, as will families with a single “head of household” who makes up to $112,500 a year.
Single parents who make up to $75,000 will also be eligible for the credit.
The push comes as many Americans are questioning whether a fourth round of stimulus checks will be sent out.
Discussions regarding a fourth round of checks are likely to take place this week as Congress is meeting again after a recess.
Many Democratic lawmakers have expressed support for additional direct payments, though Republicans have remained staunchly opposed to more checks.
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