IRS sends Child Tax Credit payments to families of 60 million children
The Internal Revenue Service sent the first set of monthly Child Tax Credit payments to families of nearly 60 million children this week, averaging out to $483 per family.
Approximately $15 billion worth of payments were distributed, the government said.
“For the first time in our nation's history, American working families are receiving monthly tax relief payments to help pay for essentials like doctor’s visits, school supplies, and groceries,” Treasury Secretary Janet Yellen said in a statement on Thursday. “This major middle-class tax relief and step in reducing child poverty is a...