Child Tax Credit Payments Start Next Month
The child tax credit monthly payments will start next month on July 15th (07-15-21). It's a part of the American Rescue Plan Act of 2021 signed by President Joe Biden. Families with children ages 5 and under will receive $3,600 and $3,000 for children ages 6-17. The American Rescue Plan Act of 2021 increased the standard child tax credit for 2021 from $2,000 to $3,000 and up to $3,600 for families with kids 5 and under for each child.