Child Tax Credit Payments Start This Week

The video discusses the expanded child tax credit under the American Rescue Plan, which increases the credit amount and provides early monthly payments. Eligibility is based on income, and parents can receive payments for children under 18. Some families may opt out due to changes in their tax situation. The expansion aims to reduce child poverty, but public opinion is divided. Options for opting out or enrolling as a nonfiler are available online.

How does the child tax credit expansion aim to impact child poverty?

What options do families have if they do not want to receive the child tax credit payments?