Child Tax Credit 2021: Here's when the fifth check will deposit
CBSN
Money from the Child Tax Credit program is set to hit U.S. parents' bank accounts on Monday. After that, the fifth such payment sent to Americans under the enhanced federal initiative, only one month of payments will remain unless lawmakers decide to renew the benefit.
The latest check will be deposited directly into the bank accounts of millions of parents on November 15, although some families may receive the check via mail, which could add several days to the delivery time. After that, the sixth and final check is scheduled to be deposited on December 15.
The future of the expanded Child Tax Credit program remains in limbo amid negotiations over scaling back President Joe Biden's $3.5 trillion social spending plan, which included an extension of the CTC through 2025. To slash spending in the bill, some lawmakers want to limit the tax credit's renewal to just one or two years. As talks among Democratic lawmakers continues, the future of the family assistance measure is unclear.
