05/18/2021 9:14 AM
Clarín.com
World
Updated 05/18/2021 9:14 AM
The United States government will distribute up to
$ 300 a month
for each minor child to some 39 million households starting next July 15, a measure that seeks to
alleviate the impact of the
coronavirus
pandemic
, the White House announced.
This measure is part of the economic relief package enacted in February by President Joe Biden and "
provides fiscal relief to
working middle-class families with children in distress," according to the statement.
"With this announcement, approximately 90% of families with children will automatically get this new tax relief starting in July," he added.
The assistance, which will come in the form of a tax credit, increases
the benefit for each child
up to age 6 from
$ 2,000 to $ 3,600 per year
, and families will receive the assistance at a rate of $ 300 per month through the end of the year.
For families with children between the ages of 6 and 17,
the tax credit increases from $ 500 to $ 3,000
, and their monthly checks will be $ 250 for each child.
Another extension of government assistance with the Biden Administration extends a credit of $ 500 for dependent children over 18 years of age, who were excluded from the previous program.
Since payments begin in the middle of the year, the other half of this tax credit will be distributed monthly, July through December.
The other half will be expressed as a
deduction on your
2021 income
tax return
.
To qualify for this benefit, the children must be children, brothers, stepchildren, adopted children, half brothers, stepbrothers or descendants, such as the grandson, nephew or cousin of the incumbent adult in the household.
Within his proposed Plan for Families, Biden called for the child tax credit to
be extended until 2025
, but for now it is only in effect for this year, and it is unlikely that Republicans, who already opposed the revival plan, Please support this extension of benefits.
Source: EFE
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