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

The IRS will issue Advance Child Tax Credit payments monthly starting July 15, 2021 through December 2021.

IRS payment schedule

July 15
August 13
September 15
October 15
November 15
December 15

Visit the IRS website for more information.

Eligible families may receive an advance payment up to $300 per month for each child under age 6 and up to $250 per month for each child age 6-17. The IRS will be sending letters to eligible families with more information. Visit the IRS website for more information.

Eligible families will receive a direct deposit to the bank account on file with the IRS. Bank account information may be updated from the IRS Child Tax Credit Update Portal. Updates made by August 2nd will be applied to subsequent payments issued August 13 through December 2021. Visit the IRS website for more information.

The IRS will issue direct deposits to taxpayers that requested a direct deposit disbursement or applied for a new debit card when they filed their return. 

Taxpayers that requested a check printed from their tax professional's office or Walmart Direct2Cash may receive their 3rd stimulus payment by mail to the last known address on file with the IRS.

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