Monthly Child Tax Credit Payments and Enhanced Dependent Support
This act replaces the existing annual Child Tax Credit with a new, fully refundable monthly credit designed to provide consistent financial support to families. Eligible families will receive payments every month. The legislation also introduces a separate annual credit of $500 for other dependents who do not qualify for the monthly child benefit.
Key points
Monthly Cash Flow: Families will receive payments monthly ($300 per child under 6, $250 per child aged 6-17), replacing the single annual tax credit.
Fully Refundable: The credit is fully refundable, meaning even families with little or no income tax liability can receive the full benefit.
Payment Protection: Monthly advance payments are protected from garnishment, levy, and offset for federal debts.
New Dependent Credit: A $500 annual credit is established for dependents who are not eligible for the monthly child payment.
Introduced
Additional Information
Print number: 119_HR_2763
Sponsor: Rep. DeLauro, Rosa L. [D-CT-3]
Process start date: 2025-04-09