'This Is A Huge Deal':
New Child Tax Credit Payments
To Start Going Out To Families in D.C. Region
July 14, 2021
by Martin Austermuhle
Any parent will tell you: kids always need something else. For D.C. resident Yehesuah Downie, that something else is a replacement cell phone for his 12-year-old son, a major expense given Downie’s challenging financial situation during the pandemic.
But there’s relief coming as soon as Thursday: a monthly $250 payment from the federal government.
The payment is part of a significant expansion of the existing child tax credit that was included in the American Rescue Plan, the COVID-19 stimulus and recovery package proposed by President Joe Biden and approved by Congress in the spring. The tax credit was increased from $2,000 to $3,000 for those with kids ages 6 to 17, and to $3,600 for those with kids under the age of 6. ...