Around 39 million U.S. households will begin receiving periodic Child Tax Credit (CTC) payments worth up to $300 on July 15, a new benefit from the latest stimulus package, the Treasury Department announced Monday.
The $1.9 trillion American Rescue plan includes a one-year expansion of the CTC that increases the credit amount and allows it to be distributed in periodic payments in advance. Democrats want to extend the bolstered credit through 2025 as part of their infrastructure plan. Continue reading “39 million households to get monthly child tax credit payments starting July 15”