![]() ![]() Mandel Ngan/AFP/Getty Imagesīonin shifted the focus of her petition from widespread monthly stimulus checks to the Child Tax Credit and has been encouraging petition signatories to share their support for the Child Tax Credit with their representatives. Biden speaks about how his Build Back Better agenda will lower prescription drug prices, in the East Room of the White House in Washington, D.C., on August 12. If the Senate passes President Joe Biden's Build Back Better Act, some Americans will receive monthly payments through the end of 2022 as part of the Child Tax Credit. "It seems a little bit like potatoes, poh-tah-toes because the petition was asking for money we can count on." "Yes, it's not a monthly stimulus check with those words, but it's a monthly check to almost 90 percent of families with kids," Bonin previously told Newsweek. Instead of receiving half the credit in monthly payments and half after a person files taxes, the Build Back Better Act would change the system to allow people to receive their full credit in monthly payments.Īlthough not exactly a stimulus check like the three many Americans received during the pandemic, Stephanie Bonin, the creator of a petition for $2,000 monthly payments, still considers it a victory. Those payments are set to end in December, but they will be extended if the Senate passes Build Back Better. Instead of a lump sum after a person files their taxes, many Americans have been receiving half their estimated credit in monthly payments of $300 for each child under 6 and $250 for all other eligible children. It also revamped how Americans received the credit. ![]() When Congress passed the American Rescue Plan in March, legislators increased payments for the Child Tax Credit to $3,600 for eligible children under 6 and $3,000 for children between the ages of 6 and 17. However, at a $2 trillion price tag, it faces an uphill battle in the Senate, but if passed, it would mean eligible guardians could continue to receive monthly checks for another year. President Joe Biden's Build Back Better Act extends the expanded Child Tax Credit, which is currently being paid in monthly installments, through the end of 2022. The House of Representatives passage of the Build Back Better Act put monthly payments for some Americans in 2022 one step closer to becoming a reality. ![]()
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