Long Islanders Can Expect Child Tax Credits By July 15: Suozzi

WASHINGTON, DC — Long Islanders will begin seeing monthly payments of the expanded Child Tax Credit on July 15, Congressman Thomas Suozzi’s office said.

Eligible families are expected to receive $300 per month for each child under the age of six, and up to $250 per month for each child over six years old, but that is only for people who filed their taxes on time on Monday.

“If you have children, you and your family may qualify for thousands of dollars beginning July 15th, said Suozzi. “You may receive $300 per month, per child. This is real life for real families.”

The child tax credit as been increased under the American Rescue Act with the yearly payouts amounting to $3,600 for every child under six years old, and $3,000 for children ages six to 17, according to Suozzi’s office. Older children age 18, and full-time college students aged 19 to 24, also qualify for up to $500, Suozzi’s office said.

The full payments are available for a single parent making up to $75,000 or joint filers making up to $150,000 per year, but the credit phases out by $50 for every $1,000 of income over the $75,000 for individual filers, and $150,000 for joint filers, according to Suozzi’s office. The credit equals $0 for single filers with an income of $240,000 and married filers with $440,000, his office said.