What are the child tax credit payments?
When do you get the child tax credit payments?
How much do you get for the child tax credit payments?
The payments — which will be issued until December — will include at most $300 per child for the families who qualify.
- Families will get a $300 check for each child they have who is 5 years old and younger.
- Other families will receive $250 for each child between 6 and 17 years old.
Half of the amount owed through this program will be given in the monthly checks. But the remainder will be given at tax time next year, Business Insider reports.
- Families can receive up to $3,000 for children 6 to 17 years old, and $3,600 for children under age 6.
How to get new child tax credit check
Per Business Insider, “Most families will receive the payments without having to do anything, and they should receive them through direct deposit, a paper check, or a debit card — similar to the three stimulus payments that the federal government sent over the past year.”
Who qualifies for child tax credit checks?
Per The Washington Post, families who make $75,000 or less will qualify for the new payments. That amount will diminish for families who make more than that.