The Machinists Union fought hard for the passage of the American Rescue Plan to bring relief to working families. One piece of relief coming soon for most IAM families will be the increased Child Tax Credit. The Child Tax Credit in the American Rescue Plan provides the largest Child Tax Credit ever and will make a big difference for many working Americans.
Starting on July 15, nearly all IAM members with children will receive an increased Child Tax Credit. The Child Tax Credit will deliver $300 per child each month for families with a shared income of $150,000 or $112,5000 for a single-parent household. So, in its simplest terms, help is on the way for IAM working families.
“The IAM continues to push for legislation that benefits IAM members and their families,” said IAM International President Robert Martinez Jr. “During the pandemic, it was workers and their families who made it possible for this country to survive and heal. The Child Tax Credit gives those hardworking families a benefit they truly deserve.”