State Rep. Tavia Galonski (D-Akron) announced that monthly Child Tax Credit payments will begin to be dispersed today, 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.
“Help is on the way for Ohio Families. This tax credit is a historic opportunity to lift children out of poverty,” said Rep. Galonski.
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.