Child Tax Credit Payments To Reach Families As Soon As Thursday

LONG BRANCH, NJ – Congressman Frank Pallone, Jr. (NJ-06) held a virtual press conference on Monday to let New Jersey families know to be on the lookout for advance monthly payments of the Child Tax Credit of up to $300 per month per child beginning July 15 through the end of the year.

120,800 children in New Jersey’s Sixth Congressional District will benefit from the expanded Child Tax Credit. Around 39 million households, covering almost 90 percent of children in the United States, will automatically begin getting this tax relief.

The American Rescue Plan expanded the Child Tax Credit to up to $3,600 per child for children up to age 5 and $3,000 per child for children ages 6 to 17. The American Rescue Plan also authorized advance monthly payments of the Child Tax Credit through December 2021.

Beginning in July and running through December, qualifying families can get up to $300 a month per child for children up to age 5 and $250 a month per child for children ages 6 to 17. Families will get their remaining expanded Child Tax Credit when they file their 2021 tax returns.

Families will qualify for full credit if their income is below $75,000 for single filers, $112,000 for people filing as head of household, or $150,000 for married and filing people jointly.

“Child Tax Credit Monthly Payments will help set America’s children up for success and put more money in the pockets of hardworking parents sooner that they can use to pay for child care or put gas in the car,” Pallone said in a statement.

“So many Americans, especially those with children, have struggled during the COVID-19 pandemic. That’s why I worked with the Biden Administration to include this expanded Child Tax Credit in the American Rescue Plan. This expansion will help cut child poverty in half as we work to build our country back better for all Americans.”