How the new, expanded federal child tax credit will work
WASHINGTON — The most ambitious part of the pandemic stimulus package signed by President Joe Biden earlier this year is about to hit the bank accounts of millions of U.S. parents. Starting this week and ending in December, the vast majority of U.S. households with children will begin receiving monthly payments as a result of changes in that law expanding and reworking the federal child tax credit.
More than 100,000 N.C. children could be lifted out of poverty by federal stimulus bill
Expanded child tax credit is called a "game changer" The economic stimulus bill President Joe Biden signed Thursday includes provisions that will move millions of children out of poverty and will begin making direct payments to families by the middle of this year.