The White House has declared Monday Child Tax Credit Awareness Day ahead of the first round of monthly payments.
The payments are a result of the decision to raise the child tax credit from $2,000 to $3,600 for each child aged 6 to 17, or $3,000 per child under 6. Starting next month, millions of U.S. households will begin receiving the Child Tax Credit, an expanded federal benefit included in President Joe Biden's $1.9 trillion American Rescue Plan.If an individual has filed a 2019 or 2020 tax return, or signed up to receive a stimulus check, the person will automatically receive the Child Tax Credit, the IRS said. If you have not filed your tax return, you can use the IRS's Non-Filer Portal Tool on its website.
Good. Family's can use that money each month rather than wait for their tax return
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