WASHINGTON — 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.
Families will get $300 per month for children up through age 6 and $250 per month for those above 6 through age 17.
The president wants the benefits to continue until 2025 as part of his $1.7 trillion family plan.
More in the Chicago Tribune HERE
