Child Tax Credit Payment Info

IRS now issuing monthly payments

Last updated: Jul. 15, 2021 8:42 am

On July 15, 2021 the IRS began issuing advance Child Tax Credit payments to eligible families using the Child Tax Credit program, as part of the American Rescue Plan that was signed into law March 11, 2021.

The Child Tax Credit increases from $2,000 to $3,600 for each qualifying child under 6 and up to $3,000 for each qualifying child age 6-17.

Half of the total Child Tax Credit for 2022 (tax filing year 2021) will be issued in advance monthly payments starting July 15. Eligible families may receive advance payments of up to $300 per month for each child under 6 and up to $250 per month for each child age 6-17.

Visit the IRS Frequently Asked Questions page for more information.

See if your family is eligible

Visit the IRS Advance Child Tax Credit Eligibility Assistant to see if you are eligible for the advance payments of the Child Tax Credit.

Update your information with the IRS

Use the IRS Child Tax Credit Update Portal if you need to verify eligibility, opt-out of monthly payments, update direct deposit information, or switch from mailed payments to direct deposit.

Answers to Common Questions

When can I expect my advance Child Tax Credit payment?

How much will I receive?

How do I update my bank account information where these payments will be deposited?

I paid for tax preparation using Santa Barbara TPG. How will I receive my payments?

PO Box 508 West Chester, OH 45071 | A Green Dot Company | Online Privacy Statement