Politics

Households Including Most U.S. Children To Get Monthly Stimulus Payment Starting In July

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A poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July, Biden administration officials said on Monday.

The Democratic-backed American Rescue Plan, signed into law by President Joe Biden in March as a response to the coronavirus pandemic, expanded a tax credit available to most parents.

Those people will get up to $3,000 per child, or $3,600 for each child under the age of 6, in 2021, subject to income restrictions.

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The benefit will reach 39 million households, many automatically and by direct deposit every month, starting on July 15. … (Read more)

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