Will You Be Receiving The Child Tax Credit?

The Child Tax Credit

The Child Tax Credit is also known as the American Rescue Plan. It is a major tax relief for nearly all working families. Payments of $3,000 to $3,600 per child for nearly all working families.

This is the breakdown if you have children.

$3,000 per child 6-17 years old

$3,600 per child under 6 years old

All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent (also called Head of Household)

There’s no limit on the number of children who can receive the credit per family.

Usually you get paid once a year, now however, you will be receiving The Child Tax Credit monthly beginning on July 15, 2021 unless you opt out.

HOW DO I GET MY PAYMENTS?

Those who filed taxes and received their refunds through direct deposit will get this child tax credit via direct deposit as well. People who did not use direct deposit, checks will be mailed to them.
These payments will continue until the end of the year.

See if you are eligible to receive a Child Tax Credit?