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The Internal Revenue Service distributed the first payments for the newly expanded Child Tax Credit last week, which Democrats praised and Republicans derided as an âanti-work welfare checkâ that is not pro-family and disincentivizes work.
A component of President Joe Bidenâs American Rescue Plan signed in March, the first enhanced Child Tax Credit was worth roughly $15 billion and reached 35 million families on July 15, with an average payment of $423.Â
Families should receive $3,000 for every child from age 6 to 17 years old, and $3,600 annually for every child younger than age 6 under the expanded child tax credit. This is an increase from $2,000 per child in 2020.Â
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