Family Child Care $$ start July 15

[sfreeman8]

I guess the 3 stimulus payments of up to $500 for each child wasn't enough. If you had 4 kids, that was $2000. Now Biden is giving $300 per child every month! Why are they giving special dollars when those that have no kids at home don't get anything or those with older kids but still living at home don't get those $$??? If the parents didn't go back to work yet, why? They went to work prior to COVID but now they sit at home using different excuses to stay home. What about those who work FROM home? They certainly can't use the excuse of no child care services. If they can't work and handle the kids who will be in school in Sept. unless their governor decided to keep the schools open all summer to make up for lost time, then there's a problem with their parenting skills and should take a class. There was no such thing as child care credits when my kids were growing up, neither was EITC. We struggled back then without any help from the government. In fact, we only got a tax refund once in our 50 years together. Sorry but I'm not agreeable with this "stimulus"  because it;'s just another way for people to depend on the government for their needs and that's called Marxism.  A little info on it below:

WILMINGTON, Del. — The Biden administration announced Monday that about 39 million families will begin receiving monthly child tax credit payments for the first time starting July 15.

The payments, which are part of the expanded child tax credit program in the American Rescue Plan, are expected to dramatically reduce child poverty, administration officials said.

For the first time, the payments, normally given annually as tax refunds, will be distributed monthly. Because the advance payments are beginning halfway through the year, families will get the second half as tax refunds.

Around 80 percent of the families that qualify have direct deposit already set up and do not need to take any additional steps. The other 20 percent will get payments by check or debit card.

Monthly child tax credits to hit bank accounts starting July 15
MAY 17, 202103:52
The $1.9 trillion Covid-19 relief plan, which the Senate passed in March, boosted the child tax credit program for the 2021 tax year, increasing the maximum payments families can receive per child from $2,000 to $3,600.

Starting in July, families will get monthly payments of up to $300 for each child under 6 years old and up to $250 for each child 6 to 17 years old. The credit goes away once a child reaches 18. Qualifying families can expect to receive the payments on the 15th of each month unless the date falls on a weekend or a holiday.

According to the IRS, the increased amounts are phased out for families with incomes over $150,000 for married taxpayers filing joint returns, along with qualifying widows or widowers; $112,500 for heads of households; and $75,000 for all other taxpayers.

In a call with reporters Sunday night, senior administration officials stressed that switching to monthly payments would allow families to better plan their household budgets.

The officials also said the administration has worked to streamline the payment process and make it easier to navigate, having learned from its experience with the stimulus check payments and in fine-tuning the process.

Still, the officials cautioned that some hiccups are likely during the rollout because it is a new program.

The officials said the administration will pursue an outreach strategy to help Americans take advantage of the program, as well as to raise public awareness that extra money will be showing up in their bank accounts monthly. President Joe Biden will take part in the outreach efforts, the officials said.

Biden has called for extending the child tax credit increases in the American Rescue Plan through 2025, as well as making them permanently fully refundable.

"While the American Rescue Plan provides for this vital tax relief to hard working families for this year, Congress must pass the American Families Plan to ensure that working families will be able to count on this relief for years to come," Biden said in a statement.

"For working families with children, this tax cut sends a clear message: help is here," he added.

[dreamyxo]

I don't have kids and I'm not mad.  Kids are expensive they are a luxury not a necessity these days.  Everything is going up while wages aren't.  They are future workers but the birth rate is declining.  As rich as this country is no one should be struggling.  There should be enough to go around.  If people's lives are a little better because of this so be it. Everything in this country is subsidized.