Families eligible for the advanced child tax credit payments will receive a letter from the IRS soon, the agency said.
Taxpayers who qualify for the newly expanded child tax credit will receive a letter in the mail from the IRS in the following days informing them of their eligibility, the agency announced Monday. It will be based on either their most recent tax return or information they submitted to the agency’s non-filers tool to claim a 2020 economic impact payment. An estimated 36 million families qualify for the benefit, which is worth up to $300 per month for each qualifying dependent child under age 6 in 2021, and up to $250 for each child between the ages of 6 and 17. Families can expect a second letter from the IRS estimating their monthly payment in the coming weeks, the agency said.
