By Josh Boak
The Treasury Department said Monday that 39 million families are set to receive monthly child payments beginning on July 15.
The payments are part of President Joe Biden's $1.9 trillion coronavirus relief package, which expanded the child tax credit for one year and made it possible to pre-pay the benefits on a monthly basis. Nearly 88% of children are set to receive the benefits without their parents needing to take any additional action.
“This tax cut sends a clear and powerful message to American workers, working families with children: Help is here,” Biden said in remarks at the White House.
Qualified families will receive a payment of up to $300 per month for each child under 6 and up to $250 per month for children between the ages of 6 and 17. The child tax credit was previously capped at $2,000 and only paid out to families with income tax obligations after they filed with the IRS.
But for this year, couples earning $150,000 or less can receive the full payments on the 15th of each month, in most cases by direct deposit. The benefits total $3,600 annually for children under 6 and $3,000 for those who are older. The IRS will determine eligibility based on the 2019 and 2020 tax years, but people will also be able to update their status through an online portal. The administration is also setting up another online portal for non-filers who might be eligible for the child tax credit.
The president has proposed an extension of the increased child tax credit through 2025 as part of his $1.8 trillion families plan. Outside analysts estimate that the payments could essentially halve child poverty. The expanded credits could cost roughly $100 billion a year.
Updated on May 17, 2021, at 2:06 p.m. ET with the latest details.
Robin Koval, CEO and president of the anti-smoking Truth Initiative spoke to Cheddar on Thursday about the FDA's decision to seek restrictions on flavored nicotine products and menthol cigarettes. She said she's pleased with the progress, but is calling for more robust restrictions.
The FDA is moving forward with its proposal to restrict sales of most flavored e-cigarettes including popular brand Juul.
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Amazon announced Tuesday that it will split its second headquarters in two, placing half the workforce in New York City and the other half in Northern Virginia. Sen. Mark Warner (D-Va.) is a supporter of the move and told Cheddar its residual impact will benefit the entire region.
Sen. Mark Warner (D-Va.) spoke with Cheddar's J.D. Durkin about Amazon's move to Crystal City and what it means for the people of Virginia. "This is both going to be an economic driver and, frankly, put this region more on the map as a tech headquarters," Warner told Cheddar.
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While President Trump and Florida Gov. Rick Scott continue to claim the recount in three tight Florida races is rampant with abuse, state law enforcement authorities say they have no concrete allegation of voter fraud to investigate. Ana Ceballos, politics reporter for the USA Today Network in Florida, updated Cheddar on the latest.
Not many Californians are pleased with President Trump's weekend Twitter response to the wildfires that are devastating parts of California ー especially not Congressman-elect Harley Rouda. Fresh off a victory in California's 48th Congressional District, the newly-elected House Democrat had some choice words for the president during an interview on Cheddar Monday.
Over the weekend, the NRA criticized doctors for advocating for gun control by telling them to "stay in your lane." That was swiftly met with an online movement of doctors sharing their stories of seeing the aftermath of gun violence up close.
Dr. Ana Maria Lopez, president of the American College of Physicians, told Cheddar that physicians live by a code that requires them to address gun violence as a crisis.
