{"id":81943,"date":"2021-07-15T13:56:31","date_gmt":"2021-07-15T13:56:31","guid":{"rendered":"https:\/\/cred.ai\/news\/?p=81943"},"modified":"2021-07-16T14:28:03","modified_gmt":"2021-07-16T14:28:03","slug":"overdue-child-tax-credit-roll-out-begins","status":"publish","type":"post","link":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/","title":{"rendered":"Child Tax Credit Roll Out Begins"},"content":{"rendered":"

Many Americans celebrated this week, as child tax credits began to hit mailboxes nationwide. In the past, only those who earned enough to owe income taxes were eligible for the credit, but that shifted with the Biden administration’s $1.9 trillion American Rescue Plan passed by Congress in March. The change is long overdue.<\/p>\n

According to The New York Times<\/a>, the U.S. government offers less help with childrearing costs than almost every other developed country; in 2020, the tax credit for an electric car purchase was nearly four times the amount offered to new parents.<\/p>\n

The pandemic relief package will provide qualifying families with monthly payments of $250 to $300 per child through the end of the year. The first installment, delivered Thursday, totaled $15 billion, according to NPR<\/span><\/a>.<\/p>\n

\u201cThis would be the largest ever one-year decrease in child poverty in the history of the United States of America,\u201d Biden said. \u201cMillions of children and their families, starting today, their lives are about to change for the better. And our country would be better off for it as well.\u201d<\/p><\/blockquote>\n

Despite some Republicans\u2019 arguments against it, the credit does not dissuade people from working. President Biden, Treasury Secretary Janet Yellen, and Congressional Democrats are pushing to make the tax policy change permanent, or at the very least extend it through 2025.<\/p>\n

Around 15 million households \u2013 or 65 million children in low and middle-income families \u2013 will now receive the payments, which could reduce the nation\u2019s child poverty rate by nearly half, according to the The Atlantic<\/a>.\u00a0However, an estimated four to eight million eligible children may miss out if a parent or guardian does not file on their behalf.<\/p>\n","protected":false},"excerpt":{"rendered":"

Many Americans celebrated this week, as child tax credits began to hit mailboxes nationwide. In the past, only those who earned enough to owe income taxes were eligible for the credit, but that shifted with the Biden administration’s $1.9 trillion American Rescue Plan passed by Congress in March. The change is long overdue. According to …<\/p>\n","protected":false},"author":14,"featured_media":81944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[109],"tags":[114,462,463,464],"class_list":["post-81943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-news","tag-tax","tag-government","tag-childcare"],"acf":[],"yoast_head":"\nChild Tax Credit Roll Out Begins - crednews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Child Tax Credit Roll Out Begins\" \/>\n<meta property=\"og:description\" content=\"Many Americans celebrated this week, as child tax credits began to hit mailboxes nationwide. In the past, only those who earned enough to owe income taxes were eligible for the credit, but that shifted with the Biden administration’s $1.9 trillion American Rescue Plan passed by Congress in March. The change is long overdue. According to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/\" \/>\n<meta property=\"og:site_name\" content=\"crednews\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-15T13:56:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-16T14:28:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cred.ai\/news\/wp-content\/uploads\/2021\/07\/shutterstock_1795473211.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1219\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"cred.ai staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cred.ai staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/\"},\"author\":{\"name\":\"cred.ai staff\",\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/#\\\/schema\\\/person\\\/b8132cf694e343ab4c8bd8a3da99e9c2\"},\"headline\":\"Child Tax Credit Roll Out Begins\",\"datePublished\":\"2021-07-15T13:56:31+00:00\",\"dateModified\":\"2021-07-16T14:28:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/\"},\"wordCount\":277,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cred.ai\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/shutterstock_1795473211.png\",\"keywords\":[\"news\",\"tax\",\"government\",\"childcare\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/\",\"url\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/\",\"name\":\"Child Tax Credit Roll Out Begins - crednews\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cred.ai\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/shutterstock_1795473211.png\",\"datePublished\":\"2021-07-15T13:56:31+00:00\",\"dateModified\":\"2021-07-16T14:28:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/#\\\/schema\\\/person\\\/b8132cf694e343ab4c8bd8a3da99e9c2\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cred.ai\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/shutterstock_1795473211.png\",\"contentUrl\":\"https:\\\/\\\/cred.ai\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/shutterstock_1795473211.png\",\"width\":2048,\"height\":1219,\"caption\":\"jittawit21 via Shutterstock\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/2021\\\/07\\\/15\\\/overdue-child-tax-credit-roll-out-begins\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cred.ai\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Child Tax Credit Roll Out Begins\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/cred.ai\\\/news\\\/\",\"name\":\"crednews\",\"description\":\"a division of cred.ai\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cred.ai\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cred.ai\\\/news\\\/#\\\/schema\\\/person\\\/b8132cf694e343ab4c8bd8a3da99e9c2\",\"name\":\"cred.ai staff\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0a4fea4aa3858da7e3fb753cee34170b27382926ecb015a1f13c09ef27f883d8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0a4fea4aa3858da7e3fb753cee34170b27382926ecb015a1f13c09ef27f883d8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0a4fea4aa3858da7e3fb753cee34170b27382926ecb015a1f13c09ef27f883d8?s=96&d=mm&r=g\",\"caption\":\"cred.ai staff\"},\"url\":\"https:\\\/\\\/cred.ai\\\/news\\\/author\\\/lillycred-ai\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Child Tax Credit Roll Out Begins - crednews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/","og_locale":"en_US","og_type":"article","og_title":"Child Tax Credit Roll Out Begins","og_description":"Many Americans celebrated this week, as child tax credits began to hit mailboxes nationwide. In the past, only those who earned enough to owe income taxes were eligible for the credit, but that shifted with the Biden administration’s $1.9 trillion American Rescue Plan passed by Congress in March. The change is long overdue. According to ...","og_url":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/","og_site_name":"crednews","article_published_time":"2021-07-15T13:56:31+00:00","article_modified_time":"2021-07-16T14:28:03+00:00","og_image":[{"width":2048,"height":1219,"url":"https:\/\/cred.ai\/news\/wp-content\/uploads\/2021\/07\/shutterstock_1795473211.png","type":"image\/png"}],"author":"cred.ai staff","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cred.ai staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/#article","isPartOf":{"@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/"},"author":{"name":"cred.ai staff","@id":"https:\/\/cred.ai\/news\/#\/schema\/person\/b8132cf694e343ab4c8bd8a3da99e9c2"},"headline":"Child Tax Credit Roll Out Begins","datePublished":"2021-07-15T13:56:31+00:00","dateModified":"2021-07-16T14:28:03+00:00","mainEntityOfPage":{"@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/"},"wordCount":277,"commentCount":0,"image":{"@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/#primaryimage"},"thumbnailUrl":"https:\/\/cred.ai\/news\/wp-content\/uploads\/2021\/07\/shutterstock_1795473211.png","keywords":["news","tax","government","childcare"],"articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/","url":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/","name":"Child Tax Credit Roll Out Begins - crednews","isPartOf":{"@id":"https:\/\/cred.ai\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/#primaryimage"},"image":{"@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/#primaryimage"},"thumbnailUrl":"https:\/\/cred.ai\/news\/wp-content\/uploads\/2021\/07\/shutterstock_1795473211.png","datePublished":"2021-07-15T13:56:31+00:00","dateModified":"2021-07-16T14:28:03+00:00","author":{"@id":"https:\/\/cred.ai\/news\/#\/schema\/person\/b8132cf694e343ab4c8bd8a3da99e9c2"},"breadcrumb":{"@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/#primaryimage","url":"https:\/\/cred.ai\/news\/wp-content\/uploads\/2021\/07\/shutterstock_1795473211.png","contentUrl":"https:\/\/cred.ai\/news\/wp-content\/uploads\/2021\/07\/shutterstock_1795473211.png","width":2048,"height":1219,"caption":"jittawit21 via Shutterstock"},{"@type":"BreadcrumbList","@id":"https:\/\/cred.ai\/news\/2021\/07\/15\/overdue-child-tax-credit-roll-out-begins\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cred.ai\/news\/"},{"@type":"ListItem","position":2,"name":"Child Tax Credit Roll Out Begins"}]},{"@type":"WebSite","@id":"https:\/\/cred.ai\/news\/#website","url":"https:\/\/cred.ai\/news\/","name":"crednews","description":"a division of cred.ai","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cred.ai\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cred.ai\/news\/#\/schema\/person\/b8132cf694e343ab4c8bd8a3da99e9c2","name":"cred.ai staff","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0a4fea4aa3858da7e3fb753cee34170b27382926ecb015a1f13c09ef27f883d8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/0a4fea4aa3858da7e3fb753cee34170b27382926ecb015a1f13c09ef27f883d8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0a4fea4aa3858da7e3fb753cee34170b27382926ecb015a1f13c09ef27f883d8?s=96&d=mm&r=g","caption":"cred.ai staff"},"url":"https:\/\/cred.ai\/news\/author\/lillycred-ai\/"}]}},"featured_image":"https:\/\/cred.ai\/news\/wp-content\/uploads\/2021\/07\/shutterstock_1795473211-768x457.png","youtube_link":null,"vimeo_link":null,"trailer_link":null,"video_link":null,"video_type":null,"author_name":"cred.ai staff","categories_name":["Finance"],"preview_image":false,"custom_author":"crednews staff","_links":{"self":[{"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/posts\/81943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/comments?post=81943"}],"version-history":[{"count":0,"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/posts\/81943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/media\/81944"}],"wp:attachment":[{"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/media?parent=81943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/categories?post=81943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cred.ai\/news\/wp-json\/wp\/v2\/tags?post=81943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}