If you are not already receiving child tax credit payments, the deadline to sign up for them is Monday. The credit provides up to $300 per month per …
If you are not already receiving child tax credit payments, the deadline to sign up for them is Monday. The credit provides up to $300 per month per child under age 6 for a total of $1,800, and up to $250 per month per child ages 6 to 17, for a total of $1,500. For those registered, a child tax credit payment should be coming to your bank account on Monday. The next scheduled payment after that is Dec.15. The payments began in July and will last through December, based on the American Rescue Plan signed into law by President Joe Biden in March. Half of the total credit amount is being paid in 2021. The other half will be paid when eligible recipients file 2021 tax returns. According to the Tax Policy Center, a report in June by the U.S. Treasury Department found that 2.3 million children might be missing out on benefits because their families did not file income taxes in 2019 or 2020.
