President Biden wants to extend the benefit as part of his recently proposed American Families Plan.
“While the American Rescue Plan provides for this vital tax relief to hard working families for this year, Congress must pass the American Families Plan to ensure that working families will be able to count on this relief for years to come,” Mr. Biden said in a statement. “For working families with children, this tax cut sends a clear message: help is here.”
As with the economic stimulus payments, the child tax credit money will be distributed by the Internal Revenue Service through direct deposit, checks or debit cards.
Source Article from https://www.nytimes.com/2021/05/17/us/politics/child-tax-credit-payments.html
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