IRS WILL SEND OUT MONTHLY PAYMENTS BEGINNING JULY 15TH UNDER A TEMPORARY EXPANSION OF THE CHILD TAX CREDIT
Starting July 15, the IRS will send out monthly payments to households, under a temporary expansion of the child tax credit that was included in the COVID stimulus bill President Joe Biden signed in March.
For six months, families will receive $250 for each child ages 6 to 17, and $300 for every kid younger than 6.
The checks will provide half the expanded credit for 2021. The rest can be taken as refunds when recipients file income taxes next year.
The full credit is worth $3,000 for 6- to 17-year-olds, and $3,600 for every child under 6. The usual maximum credit is $2,000 per kid, and only up to age 16.
If your family has filed your taxes this year, the IRS should have enough information to give you your child credit payments. If you don’t normally file a return, the tax agency recently launched a non-filer sign-up too you can use to make sure you get whatever child tax credit Homeowners can get stimulus checks FULL STORY AND HELPFUL LINKS HERE