Child Tax Credits Will Reach American Families Soon
Beyer calls for Congress to make Child Tax Credit permanent
Rep. Don Beyer (D-VA) today announced that over 100,000 children living in his Northern Virginia district would benefit from the expanded and improved Child Tax Credit, including an estimated 7,500 who will be lifted out of poverty, according to estimates compiled by the House Appropriations Committee.
The Child Tax Credit is a fully refundable benefit enhanced by Congress as part of the American Rescue Plan. Benefits will be paid out monthly to the families of nearly 90% of all children across the country automatically beginning in mid-July, according to the Treasury Department. Low income and middle class families will receive the same monthly payments: $250 per month per child, and $300 per month for every young child below the age of 6. The families of just over 60% of children in VA-8, which encompasses Arlington, Alexandria, Falls Church, and parts of Fairfax County, will qualify for benefits, with an average benefit of $2,500 for 32,300 households.
“Expanding and improving the Child Tax Credit is one of the most important and beneficial things Congress has done in this century. It must not be allowed to expire,” said Beyer. “This benefit will cut child poverty in this country in half, grow the middle class, and help those in need pay for groceries, childcare, health care, and basic necessities. Congress must make the Child Tax Credit expansion permanent to ensure that this progress is not lost.”
House Appropriations Committee estimates, compiled from analysis by Co-Equal, find that Virginia’s 8th District will see the following benefits from the expanded Child Tax Credit:
Beyer serves on the House Committee on Ways and Means, which wrote much of the American Rescue Plan including the tax policy provisions.