Here's what you need to know about the new stimulus child tax credit
CNN
The $1.9 trillion relief package signed by President Joe Biden greatly enhances the federal child tax credit for one year, allowing millions more families to benefit and lifting millions of children out of poverty.
The stimulus package raises the size of the credit, makes it fully refundable so more households can qualify and calls for it to be sent out in periodic payments rather than rolled into regular tax-time refunds -- a dramatic shift designed to help families pay their bills. Already, some Democrats are pushing to make the more generous credit permanent, pointing to how much it would help poor children.
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