Money in the Bank: Child Tax Credit Dollars Head to Parents

Previously, only people who earned enough money to owe income taxes could qualify for the credit.

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FILE - In this June 11, 2021, file photo, Vice President Kamala Harris talks with bilingual early childhood education school CentroNia students Jayden Bello, left, and Celina Barrera during a visit to the school in northwest Washington. Teacher Billo Diawara, right, watches. (AP Photo/Manuel Balce Ceneta, File)
Image via AP Photo/Manuel Balce Ceneta

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

WASHINGTON (AP) — The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel. That changes Thursday when the first payment of $1,000 hits Daniel’s bank account — and dollars start flowing to the pockets of more than 35 million families around the country. Daniel, a 35-year-old mother of four, didn’t even know the tax credit existed until President Joe Biden expanded it for one year as part of…

Read at AP News