The IRS paid out the last monthly installment of the child tax credit in December, but millions of parents are still entitled to more money from the expanded program.
relief package, but it expired at the end of the year. Under the expansion, low- and middle-income parents could receive up to $3,000 for every child ages 6 to 17 and $3,600 for every child under age 6. The payments were income-based and began to phase out for individuals earning more than $75,000 and married couples earning more than $150,000.
The first half was delivered in monthly payments from July to December with $300 for children under the age of 6 and $250 for those ages 6 to 17, but the last check was mailed out last month. The second half will be delivered as a lump sum when families file their 2021 tax returns in the spring. The IRS said that 36 million families received the payments each month, or about 60 million children.
Rochelle Wilcox delivers cartons of milk to the two-year-olds' classroom, as teacher Steneisha Morehead sits at left, with student Andrew Robair III, Amore Smalls, Roemello Jones, and King Adams, at Wilcox's Academy of Early Learning in New Orleans, Without the enhanced tax credit, an estimated 10 million children are at risk of falling below the poverty line, according to an analysis from the progressive think tank Center on Budget and Policy Priorities.
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