Federal Child Tax Credit payments are hitting bank accounts

Nearly all working families will automatically receive the money, with payments through December.

EVERETT — Many parents began receiving a significant chunk of money this week.

The first round of Child Tax Credit payments — cash the federal government gives directly to parents — were hitting bank accounts Thursday. Nearly all working families will automatically receive the money, and monthly payments will continue through December.

The expanded Child Tax Credit, part of the federal American Rescue Plan Act, provides parents with up to $300 per month for each child. The tax credit expansion helped put money in parents’ hands sooner this year and increased the amount parents can receive for each child.

In total, parents can receive up to $3,600 for each child under 6 years old, and up to $3,000 for each child ages 6 to 17. Parents will receive about half of the money from the monthly payments that began Thursday and the other half after filing their 2021 taxes.

For each child under 6 years old, parents can receive up to $300 each month. For each child ages 6 to 17, parents can receive up to $250 each month.

U.S. Rep. Suzan DelBene, D-Medina, and Rep. Rick Larsen, D-Everett, both called for a permanent expansion of the Child Tax Credit. Previously, parents received $2,000 for each child of any age after filing their taxes. The expanded credit is in place for one year.

“Parents deserve the predictability a permanent expansion would provide as they raise their families,” DelBene said in a statement. “We must seize this moment to permanently expand the credit. … With support from the overwhelming majority of Democrats in both chambers and House and Senate leadership, we will use every tool at our disposal to help make this a permanent benefit.”

Larsen said the lack of accessible and affordable child care has put a large burden on families. While the issue existed before the pandemic, Larsen said, it has only gotten worse.

“There are lessons that we’ve learned during and from the pandemic that we need to act on,” Larsen said. “One of those lessons is that parents need help with the expenses of raising kids. It’s not a problem that was caused by the pandemic, but it was exacerbated by the pandemic.”

Most people will automatically receive the payments. However, parents who have not filed a tax return for 2019 or 2020 can use the IRS Child Tax Credit Non-filer Sign-up Tool to receive the money.

Single filers with an income below $75,000 are eligible for the full amount of money from the Child Tax Credit. People who file as a head of household with an income of less than $112,000, as well as people who are married or file jointly with an income of less than $150,000, are also eligible for the full amount.

Katie Hayes: katie.hayes@heraldnet.com; Twitter: @misskatiehayes.

Katie Hayes is a Report for America corps member and writes about issues that affect the working class for The Daily Herald.

Talk to us

More in Local News

FILE - In this photo taken Oct. 2, 2018, semi-automatic rifles fill a wall at a gun shop in Lynnwood, Wash. Gov. Jay Inslee is joining state Attorney General Bob Ferguson to propose limits to magazine capacity and a ban on the sale of assault weapons. (AP Photo/Elaine Thompson, File)
Democrats advance assault weapons ban, new rules for gun buyers

The measures passed a House committee without Republican support. They are part of a broader agenda to curb gun violence.

A person and child watch seagulls on the Mukilteo-Clinton ferry in Washington on Thursday, Jan. 12, 2023. (Annie Barker / The Herald)
Cold weather returning to Western Washington

Nightly temperatures in the 20s with highs in the 30s were expected this weekend. Cold weather shelters will be open.

Photo by Karina Andrew/Whidbey News-Times
Former VA-115 member Jack Keegan speaks at a presentation on base commemorating the last crew from NAS Whidbey Island shot down during the Vietnam War.
Whidbey Island air base honors crew lost in Vietnam War

NAS Whidbey Island will host several upcoming events commemorating the end of the Vietnam War.

New Monroe superintendent Shawn Woodward during his panel interview on Thursday, Jan. 26, 2023 in Monroe, Washington. (Olivia Vanni / The Herald)
Incoming superintendent says he’s ‘done homework on Monroe’

Shawn Woodward has faced issues of racism, equity and inclusion as the leader of the Mead School District near Spokane.

James Lewis
COVID still ‘simmering’ in the county, while booster uptake remains low

Meanwhile, flu and RSV cases have plummeted, suggesting the “tripledemic” could — emphasis on “could” — be fading.

Everett police have made an arrest in a Saturday shooting at Player's Sports Bar & Grill. (Everett Police Department)
Charges: Everett bar shooting suspect faces up to 50 years in prison

Francisco Cuahutemoc Vazquez has a violent history that dates to 2015, when he was involved in gangs.

Marysville Mayor Jon Nehring is this year's winner of the Henry M. Jackson Award given by Economic Alliance Snohomish County. Photographed in Marysville, Washington on April 25, 2022. (Kevin Clark / The Herald)
Marysville State of the City address set for Feb. 1

Mayor Jon Nehring will highlight 2022 accomplishments and look to the future. Questions from the audience will follow.

NO CAPTION NECESSARY: Logo for the Cornfield Report by Jerry Cornfield. 20200112
A move to require voting and a bicameral chasm on vehicle pursuits

It’s Day 19 and the mood is heating up as the third week of the 2023 legislative session comes to an end.

Lynnwood County Council candidate Joshua Binda is the subject of two complaints with the Public Disclosure Commission. (Josh Binda campaign photo)
Binda fined $1,000 for misuse of campaign contributions

The Lynnwood Council member’s personal use of donor funds was a “serious violation” of campaign law, the state PDC concluded.

Most Read