Finally my kids can earn me some cheddar


Joe Biden unveiled another tax plan on Thursday, which expands the child tax credit, allowing families with children under 17 to claim up to $3,000 per child, plus an extra $600 if the child is under six years old.

This was part of the Heroes Act passed in May, and Biden wants to keep it around. Currently, families can claim a $2,000 credit per child. This plan would also allow families to draw on this credit in the form of a monthly payment rather than wait until the spring’s file taxes. This would result in an extra $250 to $300 per month per child.

Of course, this is just a proposal. Biden has to win the Presidency first for any of this to go into effect.

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