Child tax credit payments coming early this month

0
158

Parents are expected to receive their next child tax credit payment this week.

It will be the second of six payments – most of which will go to eligible parents on the 15th of each month through December 2021.


Child tax credit checks: Will they become permanent?

This week’s payment is set to arrive early, however. The tax credit payment will hit bank accounts on Aug. 13, since Aug. 15 is a Sunday.

Qualifying families with children under the age of 6 will receive $300 per child each month. Families with children who are 6 to 17 years old will receive $250 monthly.

The IRS says the remaining half of the credit will come with tax refunds, bringing the total to $3,600 per child for families with children under 6 and $3,000 for families with older children. It’s an increase from the previous credit of $2,000 per child.


How the expanded child tax credit payments work

Parents can opt-out of future monthly payments by clicking here.

WATCH: FOX 46 Charlotte live news coverage

Sign up for FOX 46 email alerts

Download the FOX 46 Charlotte app for breaking news and weather alerts

LEAVE A REPLY

Please enter your comment!
Please enter your name here