Local NewsNational


IRS to start sending child tax-credit payments in July

Posted at 7:11 AM, Apr 22, 2021
and last updated 2021-04-22 10:29:35-04

American families are about to get a boost. The IRS will start sending out the new $3,000 child tax-credit payments in July.

Unlike past payments in COVID relief packages, these will be made on a monthly basis rather than one lump sum.

Families will receive $3,000 per child ages 6 to 17 but there are income limits.

The full credit is available to individuals with children and adjusted gross income of less than $75,000 or $150,000 for a married couple filing jointly.

The credit is designed to give the largest financial benefit to the lowest income families.

The monthly payments will continue through December.