Why stimulus checks and child credit payments could return in 2022
President Joe Biden supports more child tax credits for families, rejecting the idea of adding more precautions to the payments
President Joe Biden last week rejected the idea of ending child tax credit payments, showing support for keeping the stimulus checks available for families across the country.
Will there be more child tax payments?
Per Politico, Biden wants to extend the child tax credit payments for three more years. But the Democratic Party, which is Biden’s own party, has opposed the idea because it might raise the price tag of a spending bill being debated in Congress.
- Biden agreed to extend the child tax credit payments for one more year, according to Politico.
Who gets child tax credit payments?
- Right now, families receive $3,000 for children ages 6 through 17, and $3,600 for children under 6.
- Half of the money is distributed in six monthly checks from July to December. The other half is distributed when people file their 2021 taxes.
Will you qualify for child tax credit payments in the future?
The latest debate for the child tax credit comes days after Sen. Joe Manchin, D-W.Va., called for two major changes to the bill. Manchin — who has power in the Senate due to his moderate political beliefs, often acting as a swing vote — said in mid-October that he wanted to make two major changes to the child tax credit requirements:
- There must be an “established work” requirement so that people who receive the payments prove they are working.
- There must be a family income limit near $60,000.
But Biden rejected the idea from Manchin, hoping to keep the payments available for most families.