Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Child tax credit starts hitting US families' bank accounts

Some 15 million U.S. households will receive the monthly payments, amounting to $300 for each child 5 and younger and $250 for those between 5 and 17

 

Benjamin Norman, New York Times

Nearly nine in 10 children will qualify for the new monthly payments under an expanded version of the child tax credit.

WASHINGTON - The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel.

That changed Thursday when the first payment of $1,000 hit Daniel's bank account - and dollars started flowing to the pockets of more than 35 million families around the country. Daniel, a 35-year-old mother of four, didn't even know the tax credit existed until President Joe Biden expanded it for one year as part of the $1.9 trillion coronavirus relief package that passed in March.

Previously, only people who earned enough money to owe income taxes could qualify for the credit. Daniel went nearly a decade without a job because her eldest son is autistic and needed her. So she got by on Social Security payments. And she had to live at Fairfield Court, a public housing project that dead-ends at Interstate 64 as the highway cuts through the Virginia capital of Richmond.

https://www.startribune.com/child-tax-credit-starts-hitting-us-families-bank-accounts/600078147/

 

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