Congressman Horsford Celebrates Arrival of October Child Tax Credit Payment, a Key Tax Cut for Middle Class Families

NORTH LAS VEGAS, NEV. — Today, Congressman Steven Horsford (D-NV-04) announced the arrival of the October Child Tax Credit payment, a critical tax cut for middle class families. According to estimates from the Niskanen Center, 97 percent of households in Nevada's Fourth District are currently eligible for the Child Tax Credit, which was expanded through the American Rescue Plan that Congressman Horsford worked to pass in March 2021.

"Since the first monthly Child Tax Credit payment went out in July, families across our district have shared countless stories about how this tax cut is changing their lives," said Congressman Steven Horsford. "With extra money in their pockets, Nevada families are buying new school uniforms for their kids, catching up on bills, and supporting local businesses. I have always believed that Nevada's children are the best investment we can make, and I am proud to be fighting for a long-term extension of the Child Tax Credit to give Nevada's families the security they deserve."

According to estimates by the Joint Economic Committee, the expanded Child Tax Credit will continue to pump $179.1 million into Nevada's economy each month through December 2021. Congressman Horsford is a strong advocate for provisions in President Biden's Build Back Better Act that would implement a long-term extension of the expanded Child Tax Credit.

How is the Child Tax Credit Benefiting Nevada's Fourth District?

• 97 percent of households in Nevada's Fourth District (177,100 children) are eligible to benefit from the expanded and improved Child Tax Credit
• The expanded and improved Child Tax Credit is lifting 9,700 children in Nevada's Fourth District out of poverty
  • Because of the larger benefit for the youngest children, the expanded and improved Child Tax Credit is lifting 3,400 children under the age of six out of poverty
  • Families with children in poverty receive $5,200 on average The expanded and improved Child Tax Credit is lifting 3,400 children in Nevada's Fourth District out of deep poverty
• Statewide, the American Rescue Plan's Child Tax Credit expansion will deliver outsized benefits to children in rural areas.
• According to the Center for Budget and Policy Priorities, 95 percent of rural Nevada children will benefit from the expansion, compared to 92 percent of Nevada children in metro areas.

How did the American Rescue Plan expand the Child Tax Credit?

The American Rescue Plan expanded the Child Tax Credit to up to $3,600 per child for children under 6 and $3,000 per child for children ages 6 to 17. The law also expanded eligibility for the Child Tax Credit to help more families benefit from this critical tax break.

As part of the Child Tax Credit expansion, the American Rescue Plan authorized advance monthly payments of the Child Tax Credit through December 2021. Beginning in July and running through December, qualifying families can get up to: $300 a month per child for children under 6. $250 a month per child for children ages 6 to 17. Families will get their remaining portion of the expanded Child Tax Credit when they file their 2021 tax return.

How would the Build Back Better Act affect the Child Tax Credit?

The Build Back Better Act would extend the American Rescue Plan's expansion of the Child Tax Credit through 2025. Congressman Horsford strongly supports a permanent expansion of the Child Tax Credit to lift thousands of Nevada children out of poverty and provide a well-deserved tax cut to middle-class families.

Who qualifies for the expanded Child Tax Credit?

Families qualify for the expanded Child Tax Credit if their income is below $75,000 for single filers, $112,500 for people filing as head of household, or $150,000 for people who are married and filing jointly.

How can Nevada families get their Child Tax Credit payments?

Nearly all families should get their October payment by direct deposit or check starting on October 15, 2021.

Families who got their tax refunds from the IRS through direct deposit will get these payments in their bank account around the 15th of every month until the end of 2021. Families who don't use direct deposit will receive their payment by mail around the same time.

Families who did not file a tax return for 2019 or 2020 and who did not use the IRS Non-filers tool last year to sign up for the Economic Impact Payments, should go online and use the IRS Child Tax Credit Non-filer Sign-up Tool to ensure their eligibility for the advance Child Tax Credit.

Families can use online portals at IRS.gov/childtaxcredit to update their bank account information, submit non-filer information, or verify their eligibility. In the weeks to come, families will also be able to use these portals to update family status information.

Watch out for scams:

From the IRS: The IRS urges everyone to be on the lookout for scams related to both Advance Child Tax Credit payments and Economic Impact Payments. The only way to get either of these benefits is by either filing a tax return with the IRS or registering online through the Non-filer Sign-up tool, exclusively on IRS.gov. Any other option is a scam.

Watch out for scams using email, phone calls or texts related to the payments. Be careful and cautious: The IRS never sends unsolicited electronic communications asking anyone to open attachments or visit a non-governmental web site.