International

39 million U.S. families to get child payments

Yeni Gonzalez Garcia, a Guatemalan mother who had been separated from her children, exits the Cayuga Center after being reunited with them in New York City.   | Photo Credit: REUTERS

The U.S. Treasury Department said on 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.

Nearly 88% of children in the country are covered under the programme without their parents needing to take any additional action.

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 $1,50,000 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.


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Printable version | Jun 24, 2021 3:31:13 AM | https://www.thehindu.com/news/international/39-million-us-families-to-get-child-payments/article34581817.ece

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