Biden increased child tax credit payments under his American Rescue Plan. Here's the latest on how much you'll get and when you'll get the payments. RELATED:
WASHINGTON – Millions of Americans with children will see more money in their bank accounts starting in July.
The Treasury Department and the Internal Revenue Service will begin sending monthly advance payments of $250 or $300 to low- and moderate-income families under the newly expanded Child Tax Credit starting July 15.
The payments will continue on a monthly basis through December, and most eligible families will receive them via direct deposit, senior administration officials said Sunday. Families that don’t have direct deposit will receive the payment either as a paper check or a debit card.
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