Monthly Child Tax Credit Payments Will Start Tomorrow!


Federal government tax return check

Photo: Moment RF

The IRS will start distributing the first installment of six monthly payments tomorrow. According to the IRS, qualifying families will receive up to $300 each month for every child under the age of 6, and $250 per month for each child between the ages of 6 and 17. Parents who are eligible to receive the payments must reside in the U.S. for more than half of the year, have at least one child who is under 18 years old at the end of the year, have a valid Social Security number, and meet some income thresholds. You can find out if you qualify by using the online tool. In addition to the July 15th installment, the IRS is scheduled to deliver the rest of the monthly checks for this year on August 13th, September 15th, October 15th, November 15th and December 15th. You can find more information here!

Photo Credit: Getty Images


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