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Sterling VA – Congresswoman Jennifer Wexton (D-VA) has delivered approximately $227 million in tax cuts for more than 103,000 hardworking families in Virginia’s 10th District this year through the expanded Child Tax Credit, according to new estimates from the Joint Economic Committee. Many of these families will see even more tax cuts when they file their taxes next year.

Statewide, an estimated $2.33 billion in tax cuts will go to more than 939,000 hardworking families in 2021. Nationwide, 90 percent of families with kids received the Child Tax Credit monthly tax cuts this year.

“The monthly tax cuts from our expanded Child Tax Credit have been a lifeline for working families, putting money back into the pockets of Virginians to meet their kids’ needs and manage rising costs as we continue our recovery from the COVID pandemic,” said Congresswoman Jennifer Wexton. “This holiday season, those payments have meant money to afford presents for the kids, put groceries on the table, and manage travel costs to spend time with family and loved ones. Additionally, many families will see further tax cuts from this expanded credit when they file their taxes next year.”

The American Rescue Plan expanded the Child Tax Credit to up to $3,600 per child for children ages 0 to 5, and $3,000 per child for children ages 6 to 17. The American Rescue Plan also authorized advance monthly payments of that tax cut beginning in July and running through December 2021 – allowing families to get up to $300 a month per child for children ages 0 to 5 and $250 a month per child for children ages 6 to 17 each month. Families will get their remaining expanded Child Tax Credit when they file their 2021 tax return next year.

Click here to learn more about the full Joint Economic Committee’s study on how the Child Tax Credit is supporting local economies nationwide.

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