House Proposal Would Restore Expanded And Improved Monthly Child Tax Credits

A group of U.S. Representatives has introduced the American Family Act, legislation that would make the previously expanded and improved monthly child tax credit permanent.

Background

During Covid-19, the American Rescue Plan Act provided relief for American families through a series of payments and credits. One of those was a “super-charged” version of the child tax credit. Beginning in July of 2021, the IRS began distributing nearly $93 billion in advance child tax credit payments to families—you’ll recall those as paper checks or direct deposits that appeared each month.