Stimulus update: These monthly payments would restart under Biden plan

The expanded tax credit expired in December 2021 though Biden has kept restarting the program at the top of his agenda. Biden’s budget would also make the credit fully refundable, meaning if the amount of the credit is larger than the taxed owed, the taxpayer will receive a refund for the difference., kept as many as 3.4 million children from poverty.

Some 930,000 Alabama children representing 560,000 families received monthly child tax credit payments, according to anThe study showed 91% of Alabamians who received the payments used the money for basic needs. If you add in education expenses, that percentage increased to 95%. Nationwide, 88% of recipients said they used the child tax credit payments for basic needs; 91% said they used for basic needs plus education.-related expenses.

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