Maui News

150,000 Families in Hawai‘i Will Get Child Tax Credit in July

July 15, 2021, 9:56 AM HST
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Advance payments of the Child Tax Credit begin today, July 15, with more than 150,000 families in Hawaiʻi expected to get a credit this month.

The credit is the first in a series of monthly payments totaling about $65 million for Hawaiʻi families to help 257,000 children thrive. Nationwide, tens of millions of families, covering nearly 60 million children will benefit from the monthly payments.

For every child 6-17 years old, eligible families will get up to $250 each month, and for every child under 6 years old, eligible families will get up to $300 each month.

The American Rescue Plan provides the largest ever Child Tax Credit: $3,000-$3,600 per child for nearly all families over the course of a year.

All working families will get the full credit if they earn under $150,000 for a couple or up to $112,500 for a family with a single parent (also called Head of Household).

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“The expanded Child Tax Credit is a major step forward in tackling child poverty,” according to the Biden Administration. “Prior to the American Rescue Plan, low- income families often got a smaller child tax credit than families with higher earnings. Now, the families of over 26 million children will get the full, expanded credit.”

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The expanded Child Tax Credit is currently only for 2021, but President Biden is advocating for the extension of the new Child Tax Credit for years to come.

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