Biden’s stimulus set to deliver monthly child payments in July

More than 39 million American families will receive monthly child payments starting mid-July as part of US President Joe Biden’s $1.9 trillion pandemic relief package.

The United States Treasury Department said Monday that 39 million families are set to receive monthly child payments beginning on July 15. The payments are part of US President Joe Biden’s $1.9 trillion coronavirus relief package, which expanded the child tax credit for one year and made it possible to prepay the benefits on a monthly basis. Nearly 88 percent of children are set to receive the benefits without their parents needing to take any additional action. Qualified families will receive a payment of up to $300 per month for each child under six and up to $250 per month for children between the ages of 6 and 17. The child tax credit was previously capped at $2,000 and only paid out to families with income tax obligations after they filed with the Internal Revenue Service (IRS).