Washington, D.C. – On Child Tax Credit Awareness Day, U.S. Senator Catherine Cortez Masto (D-Nev.) highlighted the benefits of the expanded Child Tax Credit for Nevada families and repeated her calls for Congress to permanently increase this vital tax relief for working families.
Cortez Masto worked to ensure the American Rescue Plan included an increase in the Child Tax Credit to $300 per month for children under 6 years old and $250 per month for children age 6-17. This increase will benefit 94% of all children in Nevada, and starting July 15th, over 39 million American households will automatically receive this new child tax credit directly into their bank accounts each month, cutting child poverty in half across the country.
“Over 272,000 Nevada children and their families are benefiting from the child tax credit that I worked to secure in the American Rescue Plan, and it will make an enormous difference to countless working families. For a working family with two kids, the increased credit could put more than $500 a month in their pockets to help make ends meet, which is why we must make it permanent.”
The increased Child Tax Credit will:
- Deliver $3,000 per child 6-17 years old and $3,600 per child under 6 to roughly 39 million households – covering 65 million children.
- Provide relief for low-income families – including those who have not made enough money to be required to file taxes. Low-income families and those who have not filed taxes can access a simple tool to sign up for the Child Tax Credit at ChildTaxCredit.gov.
- Automatically deposit payments monthly via direct deposit for 80% of eligible families starting on July 15th and through the rest of the calendar year. Families without direct deposit will receive their checks in the mail.