The government sends the last payment of the tax credit payment to families with children

The first of these monthly payments was made in July, as part of the so-called Economic Aid Plan promoted by Biden to assist the families most economically affected by the covid pandemic – 18.

Since then the program has benefited some 61 millions ofchildren and with this last remittance, families who qualify for the aid will have received up to $ 1, 800 dollars per child.

Congress continues to debate whether to extend these tax credits beyond the spring of 2022 and , if it does, for how long.

The 19 November Democrats, with a majority in the House of Representatives, approved budget legislation that includes the extension of the tax credit per child for one year more.

But work continues in Congress on funding details and, while lawmakers may reach an agreement this year, It is also possible that the House and Senate will not agree until 2022.

Senate Finance Committee Chairman Ron Wyden, D-Oregon, has warned that the tax credit extension should occur before 28 December that the Internal Revenue Service (IRS) ensures that there will be no pauses in payments.

Families who can benefit from this allowance receive checks from up to $ 300 dollars per month for each child under 6 years of age, and up to $ 250 dollars for each less than 17 years.

A household survey conducted by the Office The Census found that since these payments began the 55% of the families of middle class spent the allowance on food, more than 26% in clothes and the 26% on the purchase of supplies for the school.

It may interest you:

– Child Tax Credit: IRS online portal is now available in Spanish

– Child Tax Credit: the last payment of the tax credit arrives

– Child Tax Credit: how likely is it to extend a year plus