Expanded Child Tax Credit Payments Begin

The video discusses the expanded child tax credit under the American Rescue Plan, highlighting its historic role in reducing child poverty. The COVID relief package increased the annual credit from $2000 to $3600 per child. Half of this amount is distributed as monthly payments over six months, with the remainder claimable during tax filing.

What is the primary goal of the expanded child tax credit mentioned in the video?

• To increase government revenue

• To enhance educational programs

• To support small businesses

• To reduce child poverty in America

What legislation was responsible for the expansion of the child tax credit?

• The Infrastructure Investment Plan

• The American Rescue Plan

• The American Jobs Plan

• The Affordable Care Act

Under the COVID relief package, what is the new maximum annual credit per child?

• $2500

• $3600

• $4000

• $2000

How is the expanded child tax credit distributed to families?

• In a single annual payment

• Half monthly and half at tax filing

• Quarterly payments

• Only at tax filing time

For how many months will families receive monthly payments under the expanded child tax credit?

• Twelve months

• Nine months

• Six months

• Three months