Important features of the Child Tax Credit expansion

Washington – As a part of the American Rescue Plan, the families of nearly 90 percent of children in the United States will automatically receive monthly Child Tax Credit payments of $250 to $300 per child. For those who don’t automatically receive these payments, working families are urged to visit childtaxcredit.gov to learn more about how the credit can put more money in their pockets.

Important features of the Child Tax Credit expansion:

• 92 percent of Ohio’s kids and 90 percent of Colorado’s kids will benefit from the CTC.
• Starting July 15, families will receive Child Tax Credit payments monthly. Families who filed taxes in 2019 or 2020 will automatically receive these payments. For those who didn’t file taxes there’s a one-page form to fill out on childtaxcredit.gov.
• The Child Tax Credit expansion is expected to cut child poverty in half.
• The Child Tax Credit expansion expires after one year.