IRS will be ready to start sending monthly child tax credit payments in July, commissioner says
CBSN
Checks headed to families eligible for the child tax credit are on track to go out starting in July. The Internal Revenue Service commissioner confirmed the agency expects to launch its portal for the credit on July 1, despite concerns about the challenges the IRS would face implementing a program so quickly after the passage of the American Rescue Plan.
As part of the COVID relief package signed into law by President Joe Biden in March, the child tax credit was increased for one year with children ages 6 to 17 eligible for a $3,000 credit and children under 6 getting $3,600. The legislation also makes the benefit fully refundable and expands it to low-income families. For the first time, it also shifted half of the credit to advanced direct payments which the IRS was assigned to distribute starting in July, a move that is expected to boost millions of children out of poverty. Children younger than 6 would receive $300 a month in the second half of the year while kids 6 and older will receive $250 a month.
Former heart surgeon and television host Dr. Mehmet Oz is set to face questions Friday from the Senate's finance committee over his nomination to head the Centers for Medicare and Medicaid Services under President Trump.
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A former local mafia boss died Wednesday after he was shot in his car in the middle of a busy highway near the French city of Grenoble, local authorities and sources close to the case told French news agency AFP.
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Those who glance up at the sky tonight will have an opportunity to catch the March 2025 "Blood Moon," a phenomenon that colors the full moon in shades of red, orange and yellow during a total lunar eclipse.
A 37-year-old man died after falling from a chairlift that was having a mechanical problem at a Montana ski area, according to local authorities and a spokesperson for Red Lodge Mountain.