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Child tax credit payments to start in July

child tax credit

(CNN) -- Some United States 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 part of the increase to the 2021 Child Tax Credit from the American Rescue Plan that was passed in March. Previously, the amount was $2,000. Now the amount is $3,000 per child or $3,600 for children under the age of six.

The change also allows 17 years old to qualify for the first time.

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Jacob Gordon

Jacob is the 6pm Producer at News 3 WSIL. He joined the team in December of 2020. Jacob graduated from SIU Carbondale in 2020 with a Bachelor’s in Radio, Television, and Digital Media and a minor in Journalism.

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