Families who are eligible for advance Child Tax Credit payments will receive a second, personalized letter listing an estimate of their monthly payment, which begins July 15.
Most families do not need to take any action to get their payment. Normally, the IRS will calculate the payment amount based on the 2020 tax return.
Eligible families will begin receiving advance payments, either by direct deposit or check.
The payment will be up to $300 per month for each qualifying child under age 6 and up to $250 per month for each qualifying child ages 6 to 17.
The IRS will issue advance Child Tax Credit payments on July 15, Aug. 13, Sept. 15, Oct. 15, Nov. 15 and Dec. 15.
Starting on July 1st, Check the status of your payments here...