The Child Tax Credit is a tax benefit to help families who are raising children. Payments will come monthly from the IRS totaling up to $300 per child under age 6 and up to $250 per child ages 6 to 17.
Most families don’t need to do anything! If you filed 2019 or 2020 taxes or signed up for stimulus checks using the IRS Non-Filer tool last year, the IRS will send money automatically. If you haven’t filed a tax return for 2019 or 2020, file now to claim your money!
If the IRS has your bank account info, you should have received your first payment in July. Having a bank account allows you to receive your Child Tax Credit faster and safer! Open a Bank On certified bank or credit union account online now and share your information with the IRS.
If the IRS doesn’t have your bank information you will receive a check by mail.