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Higgins: Nearly $92 million delivered to WNY families through Child Tax Credit in August

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Mon, Sep 13th 2021 01:55 pm

Next payment scheduled to be deposited in bank accounts on Sept. 15 

Congressman Brian Higgins shared a new report issued by the Joint Economic Committee indicating approximately 228,000 advance Child Tax Credit payments were distributed in Western New York’s three congressional districts delivering an estimated $91.9 million to local families in the month of August.

“The Child Tax Credit is working to lift children out of poverty and to help families plan ahead,” Higgins said. “This money, spent on food, clothing, child care and other needs, is reinvested in Western New York, boosting the local economy and supporting jobs for local workers.”

The American Rescue Plan, supported by Higgins, allowed for families to receive half of the expanded Child Tax Credit in advance through monthly payments distributed July through December of 2021. Parents can receive between $250 and $300 per each child each month.

The U.S. Treasury reported 61 million children nationwide benefited from the August Child Tax Credit payment, 1.6 million more children than in July, the first month of distribution. An estimated 365,000 children in Western New York (congressional districts NY-23, NY-26 and NY-27) qualify under the program. The average payment per eligible household in New York was $412.

A press release stated, “Nearly 91% of the families living in Higgins’ district are eligible. Most receive the tax credit automatically, but some – particularly those who didn’t need to file taxes last year – may need to take additional steps. Families with children 17 and under who are currently not receiving the Child Tax Credit can answer some simple questions to begin receiving the payments monthly through December.” To learn more, visit GetCTC.org.

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