Margarita Rodriguez is an early riser, waking at 3 a.m. to prepare for her 4:30 a.m. shift at a Passaic, N.J. delicatessen.
Rodriguez is expecting $550, comprising $250 for her 16-year-old son and another $300 for her five-year-old son. Her other son is 21, which makes him too old for the boosted CTC payments that pay for children up to age 17. “The CTC provides certainty for families by providing support for every single month through the end of the year,” said Adam Ruben, director of Economic Security Project Action, an advocacy organization that’s pressed for more ongoing cash support for families.
Overall, the payments will reach approximately 39 million households that account for 88% of the country’s families with kids, according to the Treasury Department. The National Automated Clearing House Association or Nacha, which supervises the network, said March there can be same-day delivery of the direct deposit information and funds, or an interlude of one or two banking days. The IRS chose the latter, Nacha said.