COLUMBUS– State Rep. Mary Lightbody (D-Westerville) announced that monthly Child Tax Credit payments will be dispersed starting July 15. The American Rescue Plan increased the Child Tax Credit up to $3,000 per year, or $250 per month, for families whose children are between 6-17 years old and up to $3,600 per year, or $300 per month, for families with children under 6 years old. Most families will automatically receive monthly payments without having to take any action.
Working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent.
“I’m glad that the American Rescue Plan included a monthly investment in families. Every child deserves to have their basic needs met, including housing, food, and childcare. The Child Tax Credit payments put families first in Franklin County and across the country,” said Rep. Lightbody.
The historic Child Tax Credit was included in the American Rescue Plan. It is the largest Child Tax Credit ever and provides significant relief to the most working families ever. The additional relief will impact some 2,372,000 Ohio children, and could lift 132,000 Ohio children out of poverty.
Families can use the monthly payments for everyday expenses, including diapers, groceries, utility bills, medicine, housing costs and more.
To learn more about the Child Tax Credit, visit www.ChildTaxCredit.gov.