Gwen Baumgardner NEXT MONTH, BANK ACCOUNTS FOR PARENTS WILL GET A BOOST. THE IRS RELEASED THE PAYMENT SCHEDULE THIS WEEK FOR CHILD TAX CREDITS GOING OUT TO MILLIONS OF FAMILIES.
THE MONTHLY PAYMENTS…A PART OF THE COVID-19 RELIEF BILL PASSED EARLIER THIS YEAR.
PARENTS IN THE US WILL GET UP TO 3-THOUSAND DOLLARS PER CHILD PER YEAR.
THAT NUMBER GOES UP TO 36-HUNDRED DOLLARS IF THE KIDS ARE UNDER 6 YEARS OLD.
39 MILLION HOUSEHOLDS EXPECTED TO RECEIVE THOSE BENEFITS.
PRESIDENT BIDEN ASKED CONGRESS TO EXTEND THE TAX CREDIT THROUGH 20-25.