Treasury Department
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Have questions about the #ChildTaxCredit?
Check out our explainer and visit ChildTaxCredit.gov for more info.
Today, we announced sanctions on 16 individuals & 5 entities in response to the Lukashenka regime’s escalating violence and repression, including its reckless forced diversion of a commercial Ryanair flight & subsequent arrest of a journalist.
Read more: home.treasury.gov/news/press-rel…
It's #ChildTaxCredit Awareness Day! Watch @SecYellen break down what you and your family can expect with new monthly payments of the credit starting July 15th.
Find more information at ChildTaxCredit.gov
Most working families will receive automatic payments – no sign ups needed, all you need to do is make sure you’ve filed your taxes. Folks who don’t make enough to be required to file taxes can get these benefits too.
Go to childtaxcredit.gov to learn more.
Retweeted by Treasury Department 
Today is Child Tax Credit Awareness Day. Thanks to the American Rescue Plan, the Child Tax Credit is:
-Higher than ever before
-Available to more families than ever before
-Delivered monthly, starting in July
Visit ChildTaxCredit.gov.
Retweeted by Treasury Department 
If you are behind on your rent, you’re not alone. Help may be available to help with rent, utilities, and other housing costs. Learn about the @USTreasury’s Emergency Rental Assistance Program. go.usa.gov/x6NjV
Retweeted by Treasury Department ICYMI: Read @TreasuryDepSec's memo on the current state of American housing, market supply, equity & access challenges, and more.
secjanetyellen.medium.com/the-state-of-t… twitter.com/TreasuryDepSec…
Today, @SecYellen & @ArturoHerrera_G reviewed ongoing efforts by the US & Mexico to respond to the pandemic, support robust economic recovery, & prevent illicit finance. They looked forward to bilateral cooperation on migration & global minimum taxation.
home.treasury.gov/news/press-rel…
Read more about @TreasuryDepSec's trip to Baltimore today to discuss economic recovery, accessible housing, and Treasury programs aiding pandemic relief.
home.treasury.gov/news/press-rel… twitter.com/TreasuryDepSec…
I applaud the work of @POTUS @VP & Congress to make Juneteenth a federal holiday.
My hope is that Juneteenth isn’t just a day of rest but one of reflection, too. When we take time to lift our eyes from our work & to think about where our country has been & where we want it to go.
Retweeted by Treasury Department In recognizing Juneteenth, we mark the end of slavery but the continuance of our work. This is long overdue, exciting and important.
I hope the creation of this federal holiday spurs us to reflect & recommit to action & progress ahead. twitter.com/POTUS/status/1…
Retweeted by Treasury Department Juneteenth is officially a federal holiday.
Retweeted by Treasury Department "I think right now you're seeing more bipartisan focus on having the IRS funded with the resources to do its job. I think this is a very important moment."
Earlier today, former Treasury Sec Jack Lew spoke about his recent op-ed with 4 other former Secretaries on tax enforcement.
Watch Live: @SecYellen joins @WaysMeansCmte @WaysandMeansGOP in a FY22 Budget Hearing. twitter.com/WaysMeansCmte/…
"In total, economists estimate that the nation’s lack of affordable housing costs the U.S. economy roughly 2% of GDP each year or more."
More on housing access, equity, and supply constraints from @TreasuryDepSec:
secjanetyellen.medium.com/the-state-of-t… twitter.com/TreasuryDepSec…
Did you know small and mid-sized businesses can continue to claim additional tax credits for 2021 if they offer #paidleave to employees?
Find out more about this #AmericanRescuePlan expanded credit program at home.treasury.gov/policy-issues/…
Watch Live: @SecYellen joins @SenFinance @SenateFinance Budget Hearing today. twitter.com/cspan/status/1…
$1.25 billion in CDFI Rapid Response Program awards were announced today
cdfifund.gov/news/420
Retweeted by Treasury Department The importance of CDFIs was one of the first subjects @VP raised with me this year, & it’s exactly the right place to focus our attention. Because the questions “Who can access credit & capital? And who can’t?” are at the root of many long-term structural problems in our economy. twitter.com/VP/status/1404…
Retweeted by Treasury Department Countering domestic terrorism & its financing requires collaboration with gov't & the private sector. Treasury will continue to work with these partners to disrupt the financing of domestic terrorism under this first-ever National Strategy for Countering Domestic Terrorism. twitter.com/POTUS/status/1…
Today, $1.25 billion in COVID-19 relief funds were awarded to 863 community development financial institutions (CDFIs), which provide flexible capital to distressed communities.
The awards were announced today at the White House by @VP & @SecYellen.
More: home.treasury.gov/news/press-rel… twitter.com/USTreasury/sta…
Watch Live: @SecYellen joins @VP at an event promoting CDFIs, equitable access to capital, and support for small businesses.
whitehouse.gov/live/
Community Development Financial Institutions (CDFIs) are an important part of an equitable, accessible financial structure that supports small business and underserved communities.
Tune in at 1:00pm today as @SecYellen joins @VP for an event on small business and CDFIs. twitter.com/OppFinance/sta…
The Emergency Rental Assistance program makes funding available to assist households that are unable to pay rent or utilities.
Find renters and landlord info for your specific state, locality, territory, or Tribe on our website:
home.treasury.gov/policy-issues/… twitter.com/CFPB/status/14…
Financial help may be available if you are behind on your rent. Learn more about the @USTreasury’s Emergency Rental Assistance Program, a federal program to help tenants pay for rent and utilities. go.usa.gov/x6NjV
Retweeted by Treasury Department If you:
- Did not file an income tax return for 2019 or 2020
- Did not use the IRS Non-filers tool last year to register for stimulus payments
- Care for children under age 17 who qualify for the Child Tax Credit
Register your info w/ the Non-Filer Tool: irs.gov/child-tax-cred…
Experts estimate that the #AmericanRescuePlan has the potential cut child poverty by more than half!
The plan increased the maximum Child Tax Credit amount in 2021 to $3,600 per child for children under the age of 6 and to $3,000 per child for children ages 6 through 17.
Most families will AUTOMATICALLY receive the Child Tax Credit payments starting mid-July.
The Non-Filer Tool was created to help those families who normally aren’t required to file an income tax return to register quickly for the expanded CTC from the #AmericanRescuePlan
❓Counting on a monthly Child Tax Credit payment starting in July?
❓Haven't had to file taxes in the past few years?
Use the NEW Non-Filer Tool on @IRSnews website.
Users can quickly provide required info about themselves & qualifying children, update bank account info & more!
Today, @TreasuryDepSec spoke with Indonesia's finance minister about international tax fairness, sustainable & inclusive economic recovery from the COVID pandemic, global efforts to respond to climate change, & Indonesia's upcoming G20 presidency in 2022.
home.treasury.gov/news/press-rel…
"The speed and strength of the world’s recovery depend on the leadership of the United States"
@SecYellen testified to the House Subcommittee on State and Foreign Operations today. Read her full opening statement: home.treasury.gov/news/press-rel…
Watch now: @SecYellen joins @AppropsDems @HouseAppropsGOP to testify before the State and Foreign Operations Subcommittee on the FY22 budget.
youtube.com/watch?v=KyOEdl…
The updated Fiscal Recovery Fund FAQs include guidance for using funds to address public health, economic recovery, revenue loss, water/sewer/broadband infrastructure costs, essential worker pay, & more.
Treasury continues to update FAQs based on stakeholder & public feedback.
The State and Local Fiscal Recovery Fund -which provides funding to state, local, territorial, and Tribal governments dealing with pandemic-related challenges- updated FAQs this week.
Check out the new FAQs: home.treasury.gov/system/files/1…
Newly announced sanctions on designated members of a smuggling network that helps fund Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis in Yemen.
Read more: home.treasury.gov/news/press-rel…
"Improving tax compliance can help meet our nation’s most important tax policy goals: building a tax system that raises adequate revenue in an equitable & efficient manner."
Tax Policy DepAsstSec Mark Mazur speaks to Congress about the "tax gap" today: home.treasury.gov/news/press-rel…
Unemployment Insurance Weekly Claims
Initial claims were 376,000 for the week ending 6/5 (-9,000).
Insured unemployment was 3,499,000 for the week ending 5/29 (-258,000).
dol.gov/ui/data.pdf
Retweeted by Treasury Department The United States Mint is pleased to announce the final three women to be honored in the American Women Quarters™ Program during its first year (2022). Who are they? Find out at bit.ly/3we0nuY. @smithsonian @womenshistory @USTreasury #HerQuarter #AmericanWomenQuarters
Retweeted by Treasury Department ICYMI: @SecYellen and her finance minister counterparts in Mexico, Indonesia, South Africa, & Germany wrote an op-ed explaining their support for a global corporate minimum tax, & the effects it could have for middle & working classes around the world.
washingtonpost.com/opinions/2021/…
“The current int’l tax system has eroded national sovereignty in ways that have had measurable effects on middle & working classes around the world”
I join the finance ministers of Mexico, Indonesia, S. Africa, & Germany in calling for a global minimum tax
washingtonpost.com/opinions/2021/…
Retweeted by Treasury Department 5 Former Treasury Secretaries in the NYT: “We are convinced by the strength of our experiences that more can be done to pursue tax evasion in the ways outlined by @POTUS’s recent proposal to increase the resources & information available to the IRS.”
nytimes.com/2021/06/09/opi…
The IRS encourages people to file a 2020 tax return to get all the benefits they’re entitled to under the law & qualify for:
- Stimulus payments
- 2020 Recovery Rebate Credit
- Earned Income Tax Credit.
- Child Tax Credit (expanded starting July 15)
irs.gov/newsroom/recov…
The majority of these payments went to eligible individuals for whom the IRS previously did not have information to issue an stimulus payment but who recently filed a tax return or updated their information.
The IRS will continue to make payments on a weekly basis.
Economic Impact Payment update: @IRSnews and @FiscalService announced today they have disbursed more than 2.3 million additional payments under the #AmericanRescuePlan in the past 2 weeks.
Today’s announcement brings the total disbursed so far to more than 169 million payments!
Today, sanctions announced for individuals who support the Ortega regime—a regime that has undermined democracy, abused the human rights of civilians, enacted repressive laws with grave economic consequences, & tried to silence the independent news media.
home.treasury.gov/news/press-rel…
Coming soon, IRS.gov/childtaxcredit… will have new online tools, including:
- An eligibility tool to help families determine whether they qualify for the Child Tax Credit payments.
- An Update Portal, where people can opt out of the advance payments and update their info.
If you haven't yet filed a 2020 or 2019 tax return, doing so ASAP can ensure your family receives the expanded Child Tax Credit payment starting in July.
Filing soon will also ensure that the IRS has current banking information, as well as key details about qualifying children.
The @IRSnews has started sending letters to more than 36 million families who may be eligible to receive monthly Child Tax Credit payments starting in mid-July.
Most families do not need to take any action to get their payment!
More here: irs.gov/newsroom/irs-s…
We are committed to rooting out corruption, & last week took our largest action against it.
Treasury will move forward on @POTUS's National Security Study goals, incl. thru a new beneficial ownership registry and kleptocracy assets rewards program.
whitehouse.gov/briefing-room/…
"Our goal is to cement America’s status, for decades to come, as the world’s most attractive place for firms to put down roots, to scale up, and to hire workers."
Read @SecYellen's full remarks to @CommerceGov SelectUSA Summit today: home.treasury.gov/news/press-rel…
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