Comments posted organically
SelectSmart.com Homepage
Display Order:

Harris/______?
Politics by Ponderer     July 21, 2024 12:09 pm (Rating: 0.0) Last comment by: Curt_Anderson (9 comments) [63 views]


"What can be, unburdened by what has been"
Politics by HatetheSwamp     July 21, 2024 12:35 pm (Rating: 0.0) Last comment by: Donna (3 comments) [43 views]


I just updated the Presidential Candidate Selector
President by Curt_Anderson     July 21, 2024 1:02 pm (Rating: 5.0) Last comment by: Indy! (6 comments) [25 views]


AOC reveals why she hasn't backed calls to replace Biden
Weird by Donna     July 20, 2024 3:24 am (Rating: 0.0) Last comment by: Indy! (16 comments) [177 views]


Big IMPORTANT political news none of you have heard yet
Politics by Indy!     July 20, 2024 4:26 pm (Rating: 0.0) Last comment by: Indy! (7 comments) [110 views]


Joe just endorsed Kammy
Politics by HatetheSwamp     July 21, 2024 11:20 am (Rating: 0.0) Last comment by: Indy! (17 comments) [92 views]


It's clear now that Biden isn't going to step down
Politics by Donna     July 15, 2024 8:53 am (Rating: 0.0) Last comment by: Donna (36 comments) [316 views]


pedojoe headed out to the campaign trail next week!
Entertainment by oldedude     July 19, 2024 12:49 pm (Rating: 0.0) Last comment by: oldedude (7 comments) [55 views]


Joe throws in towel- press conference this week.
Politics by oldedude     July 21, 2024 11:00 am (Rating: 0.0) Last comment by: oldedude (7 comments) [26 views]


Biden says he is dropping out of presidential race as Democrats prepare to 'pass the torch'
Government by HatetheSwamp     July 21, 2024 11:08 am (Rating: 0.0) Last comment by: Indy! (1 comments) [9 views]


Government selectors, pages, etc.
Good New$ For Parents!
By Curt Anderson
May 17, 2021 10:39 pm
Category: Government

(5.0 from 1 vote)
Rules of the Post

SelectSmart.com SelectSmart.com SelectSmart.com


Rate this article
5 Stars
4 Stars
3 Stars
2 Stars
1 Star
0 Stars
(5=best, 0=poor)

Treasury and IRS Announce Families of 88% of Children in the U.S. to Automatically Receive Monthly Payment of Refundable Child Tax Credit

May 17, 2021
First Payments to Be Made on July 15

WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households — covering 88 percent of children in the United States — are slated to begin receiving monthly payments without any further action required.

Treasury and the IRS also announced the increased CTC payments, will be made on the 15th of each month, unless the 15th falls on a weekend or holiday, allowing families who receive the credit by direct deposit to plan their budgets around receipt of the benefit. Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above.

The American Rescue Plan increased the maximum Child Tax Credit in 2021 to $3,600 for children under the age of 6 and to $3,000 per child for children between ages 6 and 17. The American Rescue Plan is projected to lift more than five million children out of poverty this year, cutting child poverty by more than half.

Households covering more than 65 million children will receive the monthly CTC payments through direct deposit, paper check, or debit cards, and Treasury and the IRS are committed to maximizing the use of direct deposit to ensure fast and secure delivery. While most taxpayers will not be required to take any action to receive their payments, Treasury and the IRS will continue outreach efforts with partner organizations over the coming months to make more families aware of their eligibility.

Today’s announcement represents the latest collaboration between the Bureau of the Fiscal Service and the IRS — and between Treasury and the White House American Rescue Plan Implementation Team — to ensure help quickly reaches Americans in need as they recover from the COVID-19 pandemic. Since March 12, the IRS has also distributed approximately 165 million Economic Impact Payments with a value of approximately $388 billion as a part of the American Rescue Plan.

Additional information for taxpayers on how they can access the Child Tax Credit at second link, below.



Cited and related links:

  1. home.treasury.gov
  2. irs.gov

Comments Start Below


The views and claims expressed by contributors are their own and do not necessarily reflect the views and beliefs of SelectSmart.com. Not every statement made here can be assumed to be a fact.
Comments on "Good New$ For Parents!":

Be the first to comment on this article.


Comment on: "Good New$ For Parents!"


* Anonymous comments are subject to approval before they appear. Cookies Consent Policy & Privacy Statement. All Rights Reserved. SelectSmart® is a registered trademark. | Contact SelectSmart.com | Advertise on SelectSmart.com | This site is for sale!

Find old posts & articles

Articles by category:

SelectSmart.com
Report spam & abuse
SelectSmart.com home page