State Rep. Allison Russo (D-Upper Arlington) announced that monthly Child Tax Credit payments will begin to be dispersed today, July 15. The American Rescue Plan increased the Child Tax Credit up to $3,000 per year, or $250 per month, for families whose children are between 6-17 years old and up to $3,600 per year, or $300 per month, for families with children under 6 years old. Most families will automatically receive monthly payments without having to take any action.
Working families making up to $150,000 for a couple or $112,500 for a family with a single parent will receive the full child tax credit, while those earning higher incomes may qualify for a partial credit.
“I am thrilled that congressional Democrats put families first and included the Child Tax Credit in the American Rescue Plan,” said Rep. Russo. “The payments that begin this week will lift more than half of American children out of poverty, and ninety-two percent of children in Ohio will directly benefit from this money. Now more than ever, it is important that we work to strengthen our families and provide the relief they need to successfully move forward post-pandemic.”
The historic Child Tax Credit was included in the American Rescue Plan. It is the largest Child Tax Credit ever and provides significant relief to the most working families ever. The additional relief will impact some 2,372,000 Ohio children and could lift 132,000 Ohio children out of poverty.
Families can use the monthly payments for everyday expenses, including diapers, groceries, utility bills, medicine, housing costs and more.
To learn more about the Child Tax Credit, visit www.ChildTaxCredit.gov.