The Internal Revenue Service is sending letters to more than 36 million American families who, based on tax returns, may be eligible to receive monthly Child Tax Credit payments The letters are going to families who may be eligible based on information they included in either their 2019 or 2020 federal income tax return or who used the Non-Filers tool on IRS.gov last year to register for an Economic Impact Payment.
Families who are eligible for advance Child Tax Credit payments will receive a second, personalized letter listing an estimate of their monthly payment, which begins July 15.
Most families do not need to take any action to get their payment.  Eligible families will begin receiving advance payments, either by direct deposit or check. The payment will be up to $300 per month for each qualifying child under age 6 and up to $250 per month for each qualifying child ages 6 to 17. The IRS will issue advance Child Tax Credit payments on July 15, Aug. 13, Sept. 15, Oct. 15, Nov. 15 and Dec. 15.
The IRS recommends if you feel you are eligible and haven’t filed your 2020 return or 2019 return, file those as soon as possible.
