U.S. Treasury pays out $15 billion in Child Tax Credit installment By Reuters

© Reuters. FILE PHOTO: U.S. Vice President Kamala Harris visits CentroNia, a bilingual early childhood education center, to highlight child tax credit programs, in Washington, U.S. June 11, 2021. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – The U.S. Treasury said on Wednesday that about $15 billion was paid to families in the first monthly installment of the



© Reuters. FILE PHOTO: U.S. Vice President Kamala Harris visits CentroNia, a bilingual early childhood education center, to highlight child tax credit programs, in Washington, U.S. June 11, 2021. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) – The U.S. Treasury said on Wednesday that about $15 billion was paid to families in the first monthly installment of the Child Tax Credit that was expanded under President Joe Biden’s $1.9 trillion COVID-19 legislation known as the American Rescue Plan.

Treasury said that the July payments went to families with nearly 60 million eligible children. Eligible families received an initial monthly payment of up to $300 for each child under 6 years old and up to $250 for each child age 6-17.

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