DOVER — More than 100,000 families in Delaware will get checks in July, as the federal government doles out child tax credit monies.
That will invest more than $42 million to help 169,000 children in the First State, according to the White House, which issued fact sheets for every state as payments began rolling into bank accounts this week.
Here’s how it works:
To qualify, families must have:
U.S. Sen. Chris Coons, D-Del., applauded the expanded credit, made possible by the American Rescue Plan, which the senator voted for in March.
“Today represents a historic investment in our kids, our families and our future,” he said. “The expanded child tax credit will provide direct monthly payments to hard-working families up and down the First State, who are struggling to afford health care, housing, groceries and child care. I am proud to have supported this expansion that will deliver one of the most significant reductions in child poverty in history.”
Families are encouraged to visit the IRS website to ensure they receive their checks. Most families who are eligible will not need to do anything to receive these payments; IRS will use the information it has on file to automatically deposit the funds into their bank account or mail a check.
Previously, families would receive the child tax credit once a year. This year, IRS will pay half the total credit amount in advance as monthly payments. Families will claim the other half when they file their 2021 income tax return. These changes apply to tax year 2021 only.
For more information on the payments, visit here.