39 million U.S. families to get child payments

The U.S. Treasury Department said on Monday that 39 million families are set to receive monthly child payments beginning on July 15. The payments are part of President Joe Biden’s $1.9 trillion corona

The U.S. Treasury Department said on Monday that 39 million families are set to receive monthly child payments beginning on July 15. The payments are part of President Joe Biden’s $1.9 trillion coronavirus relief package. Nearly 88% of children in the country are covered under the programme without their parents needing to take any additional action. Qualified families will receive a payment of up to $300 per month for each child under 6 and up to $250 per month for children between the ages of 6 and 17. The child tax credit was previously capped at $2,000 and only paid out to families with income tax obligations after they filed with the IRS.