EUGENE, Ore. – Expanded Child Tax Credit benefits start going out July 15, and Sen. Ron Wyden is joining a push by the White House to make sure American families are aware of the change.
The expanded tax credit is part of the American Rescue Plan. Families will begin to receive monthly payments of up to $250 for each child six to 17 years old and $300 for each child under six.
The Internal Revenue Service said roughly 39 million households — covering almost 90% of children in the United States — will get the credit without having to do anything.
Wyden was among the senate Democrats who voted to pass the stimulus bill in March. He said it will benefit children immensely.
“The point here was to signal a message from sea to shining sea going forward that children were going to be a special priority for the American government,” Wyden said.
If you’ve filed tax returns for 2019 or 2020, or if you signed up to receive a stimulus check from the IRS, you will get this tax relief automatically. Otherwise, you can still sign up at childtaxcredit.gov.
The expanded benefits are only provided through 2021, but Wyden said he wants to make it permanent.
“As Chairman of the Senate Finance Committee, one of my top priorities is to make this permanent,” Wyden said.
The White House said the expanded Child Tax Credit could potentially help lift half of all children out of poverty if all eligible families sign-up to receive the monthly payments.