The second monthly payment of child tax credits reached the households of nearly 61 million children, a 2.7% increase from July, the Treasury Department said
reached the households of nearly 61 million children, the Treasury Department said. That is a 2.7% increase from July, indicating that more people are being added to the program than are leaving through taxpayers’ decisions to opt out of the regular payments.
Friday’s payments of up to $300 per child totaled $15.4 billion, and they come as Democrats try to build political momentum to extend the expanded tax credit beyond its scheduled Dec. 31 expiration.. It raised the amount from $2,000 per child to $3,000 for children ages six to 17 and to $3,600 for those under six. Families with little or no income can now get the full amounts. Previously, those households were limited to getting $1,400 of the $2,000 credit.
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