Lawmakers Take Note: Child Credit is Blowing Up TikTok

I’ve been covering tax policy in the US for over a decade now, and I can confidently say that provisions in the tax code do not often go viral.

Enter the child tax credit, which was greatly expanded temporarily in President Joe Biden’s American Rescue Plan, with monthly payments hitting households starting on July 15. The sudden deposits — of up to $250 per child ages 6-17, and $300 per child under 6 — were such a delight to many parents that the hashtags #childtaxcredit and #childtaxcredit2021 blew up on TikTok, with tens of millions of views under each as of this writing.