There are big changes in store for the Child Tax Credit. Previously, parents claimed a credit of $2,000 per child under the age of 17. Due to the rece

What to Know About the New Child Tax Credit Payments

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2021-06-24 23:00:08

There are big changes in store for the Child Tax Credit. Previously, parents claimed a credit of $2,000 per child under the age of 17. Due to the recent COVID-19 relief package, there are some major updates to this. On July 15, 2021, parents will begin receiving partial advances of these credits. Payments will be automatically deposited to bank accounts or via check. More information regarding the program is outlined below.

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