As part of the latest COVID-19 relief package, the federal government has expanded the child tax credit and made it available to all families with children except those with the highest incomes. Families will get US$3,000 per kid ages 6 to 17, and $3,600 for younger children. The Internal Revenue Service will deliver half of this money as monthly payments of either $250 or $300 during the second half of 2021 and the rest as a lump sum during the 2022 tax season.
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Source: Phys.org