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Child Tax Credit Payments To Start In July

(KYMA/KECY) - Some U.S. families with children will soon have more spending money in their pockets. The IRS will begin sending out payments this summer to some low- and moderate-income families depending on the age of their kids.

Families will get monthly payments of $250 to $300 starting in July through December.

The payments are a part of the increase to the 2021 Child Tax Credit from the American Rescue Plan that passed in March.

Previously, the amount was $2,000, now it is $3,000 per child or $3,600 for children under the age of six.

The change also allows 17-year-olds to qualify for the first time.

Business / Local Coronavirus / Must See Video / Video
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Christian Galeno

Christian Galeno joined the News 11/CBS 13 team in July of 2019 as a Weekend Anchor and multimedia journalist. He now anchors 13 on Your Side at 6, and 10.

Reach to Christian at christian.galeno@kecytv.com.

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