Eligible families will receive advance payments, either by direct deposit or check. Each payment will be up to $300 per month for each child under the age of 6 and up to $250 per month for each child ages 6 through 17. Most eligible families will automatically receive monthly payments.
The American Rescue Plan Act Advance Child Tax Credit provisions include:
- The maximum Child Tax Credit increased to $3,600 for children under the age of 6 and to $3,000 per child for children between ages 6 and 17.
- The credit includes children who turn age 17 in 2021.
- Taxpayers may receive part of their credit in 2021 before filing their 2021 tax return.