Child tax credit payments start arriving in a few weeks

 

Source: Herb Weisbaum, Consumers' Checkbook

For those who qualify, the expanded child tax credit is up to $3,600 for each child under the age of six and up to $3,000 for each child six to 17, up from a maximum of $2,000 per child for tax year 2020.

Rather than making these families wait until they file their 2021 tax return next year to receive the money, the U.S. Treasury Department will send half the total amount of the credit in six advance payments between July 15 and Dec. 15, either by direct deposit or check. The other half of the credit can be claimed on 2021 tax return filed next year.

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