While the timeline for introducing the bill is still in flux, the legislation would provide families $3,000 per year per child and $3,600 per year for kids under 6 years old. The benefit would be paid monthly — $250 per month for kids 6 to 17 years old and $300 per month for kids under 6 — with the intention that families can get the funds before filing taxes and would phase out over time for higher-earning families
From the article (The Hill):
While the timeline for introducing the bill is still in flux, the legislation would provide families $3,000 per year per child and $3,600 per year for kids under 6 years old. The benefit would be paid monthly — $250 per month for kids 6 to 17 years old and $300 per month for kids under 6 — with the intention that families can get the funds before filing taxes and would phase out over time for higher-earning families