child tax credit

Sen. Joe Manchin, D-W.Va., leaves his office after speaking with President Biden about his long-stalled domestic agenda, at the Capitol on Monday.

Where things stand with the monthly expanded child tax credit payments

1:31pm December 14, 2021

by Deepa Shivaram

Because an extension of the child tax credit is tied in with President Biden's Build Back Better social spending plan, it remains unclear whether the monthly payments will continue beyond this year.

A child tax credit poster is displayed during a news conference in Washington, D.C., on July 15. Early data shows that after the child tax credit payments went out this summer, the number of households with children who experience food insufficiency dropp

The New Child Tax Credit Brings A Drop In Households Reporting Hunger

2:01pm August 13, 2021

by Deepa Shivaram

Early data shows that after the child tax credit payments started going out this summer, the number of households with children who experience food insufficiency dropped.

Children and teachers from the KU Kids Deanwood Child Care Center complete a mural in celebration of the launch of the child tax credit on July 14 in Washington, D.C. Tens of millions of parents have received their first monthly child tax credit payment,

Economy

You Might Consider Opting Out Of The Child Tax Credit. Here's Why

8:58am July 28, 2021

by Andrea Hsu

The first monthly enhanced child tax credit payment has landed, but some families are now opting out. Here's how to decide whether it makes sense for you.

Officials remind parents that it will not attempt to gather personal or financial information via email, text or through threatening phone calls.

The IRS Won't Be Calling, Emailing Or Texting. Don't Fall For Child Tax Credit Scams

12:02pm July 22, 2021

by Vanessa Romo

"Be alert to criminals who ask you, by phone, email, text – or even on social media, to verify your information," the IRS cautions.

Children and teachers from the KU Kids Deanwood child care center in Washington, D.C., complete a mural in celebration of the launch of the child tax credit.

The Expanded Child Tax Credit Is Here. Here's What You Need To Know

6:04pm July 15, 2021

by Andrea Hsu

The first monthly payments under the expanded child tax credit were disbursed on Thursday. The White House says relief is on the way to the families of nearly 60 million children.

Treasury Secretary Janet Yellen, pictured on Capitol Hill last month, called for a permanent expansion of the child tax credit during an interview with NPR on Thursday.

Families Are Receiving A Child Tax Credit. Janet Yellen Says It Should Be Permanent

4:15pm July 15, 2021

In an interview with NPR, the Treasury secretary calls to permanently expand the child tax credit being paid out to American families starting this week.

The advance child tax credit program is part of the Biden administration's $1.9 trillion economic aid package called the American Rescue Plan that was passed in March.

National

What The New Monthly Child Tax Credits Mean For You And Your Family

9:11pm May 17, 2021

by Vanessa Romo

"For working families with children, this tax cut sends a clear message: Help is here," said President Biden, touting the tax credit that gives American families up to an extra $1,600 per child.

President Biden signs the American Rescue Plan in the Oval Office of the White House on March 11. Included in the plan is a monthly allowance for many American families that could be a potential financial-life-changer.

How Biden's Plan Could Help Reshape The Finances Of American Families

9:36pm March 13, 2021

by Scott Horsley

The $1.9 trillion relief bill includes a new monthly allowance for American parents that could help provide a critical lifeline.

Queue Listen Now

The White House says President Biden's COVID-19 economic rescue plan, including an expanded child tax credit, would help cut child poverty in half.

Biden Plan To Expand Child Tax Credit Could Help Lift Millions Of Kids Out Of Poverty

2:24pm February 04, 2021

by Steve Inskeep

The president wants to expand the federal child tax credit for lower-income households. "In one fell swoop, it'll essentially lower the child poverty rate by more than 40%," says analyst Chuck Marr.

Queue Listen Now

Florida Republican Sen. Marco Rubio, shown in July, had threatened a "no" vote on the bill because he wanted a more generous child tax credit for working families. He said Friday he will vote for the measure.

GOP Releases Final Tax Bill As Rubio, Corker Boost Path To Christmas Passage

9:14pm December 15, 2017

by Scott Horsley

The two Republican senators had been holdouts, but now the bill appears on track for passage next week.