Child tax credit payments coming early this month

Politics

(WJW) – 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.


Story continues below:


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.

Parents can opt out of future monthly payments by visiting, irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Video

Now Trending on KRQE.com

New Mexico Hourly Forecasts ⟶

Albuquerque Hourly Forecast

Don't Miss

MORE IN DON'T MISS

Photo Galleries

MORE PHOTO GALLERIES

News Resources - Maps

MORE NEWS RESOURCES