July 15, 2021

Today Americans began to see the concrete effects of the American Rescue Plan show up in their bank accounts, as the expanded child tax credit goes into effect for one year. Through this program, the Child Tax Credit increased to $3,000 per child aged 6 to 17 and $3,600 per child under 6. All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent. The government sent payments for almost 60 million children on Thursday, totaling $15 billion.

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