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Child tax credit dollars head to parents

Child tax credit dollars head to parents
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Child tax credit starts hitting US families bank accounts

By JOSH BOAK Associated Press WASHINGTON (AP) — The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel. That changed Thursday when the first payment of $1,000 hit Daniel’s bank account — and dollars started flowing to the pockets of more than 35 million families around the country. Daniel, a 35-year-old mother of four, didn’t even know the tax credit existed until President Joe Biden expanded it for one year as part of the $1.9 trillion coronavirus relief package that passed in March. Previously, only people who earned enough money to owe income taxes could qualify for the credit. Daniel went nearly a decade without a job because her eldest son is autistic and needed her. So she got by on Social Security payments. And she had to live at Fairfield Court, a public housing project that dead-ends at Interstate 64 as the highway cuts through the Virginia capital of Richmond.

Child Tax Credit 2021: Child tax credit starts hitting US families bank accounts | World News

Tamika Daniel. AP Photo WASHINGTON: The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel. That changed Thursday when the first payment of $1,000 hit Daniel s bank account - and dollars started flowing to the pockets of more than 35 million families around the country. Daniel, a 35-year-old mother of four, didn t even know the tax credit existed until President Joe Biden expanded it for one year as part of the $1.9 trillion coronavirus relief package that passed in March. Previously, only people who earned enough money to owe income taxes could qualify for the credit. Daniel went nearly a decade without a job because her eldest son is autistic and needed her. So she got by on Social Security payments. And she had to live at Fairfield Courts, a public housing project that dead-ends at Interstate 64 as the highway cuts through the Virginia capital of Richmond.

Money in the bank: Child tax credit dollars head to parents

Money in the bank: Child tax credit dollars head to parents The monthly payments amount to $300 for each child who is 5 and younger and $250 for those between 5 and 17. Washington DC, July 15, 2021 The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel. That changed Thursday when the first payment of $1,000 hit Daniel’s bank account and dollars started flowing to the pockets of more than 35 million families around the country. Daniel, a 35-year-old mother of four, didn’t even know the tax credit existed until President Joe Biden expanded it for one year as part of the $1.9 trillion coronavirus relief package that passed in March.

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