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July 16, 2021

Child tax credit starts hitting bank accounts

  • Payments amount to $300 for each child who is 5 and younger and $250 for those between 5 and 17.
    • By JOSH BOAK
    Associated Press

    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.


     
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