Help Is Here

Families with kids can get monthly payments with Child Tax Credit

Raising kids can be expensive, and the Child Tax Credit is here to help. President Biden’s American Rescue Plan increased the amount of the 2021 Child Tax Credit to support families with children. The full benefit of the Child Tax Credit is now $300 per month per child under age 6 and $250 for each child age 6 to 17.

Did you file taxes in the last 2 years? Then you don’t have to do anything to get the money you’re already owed!

If you filed your 2020 taxes this year or filed your 2019 taxes last year, or used the IRS “Non-Filer Portal” to get a stimulus check last year, you don’t need to do anything. The IRS will automatically send you a monthly payment by direct deposit or check starting on July 15, 2021.

The Child Tax Credit is $3,000 to $3,600 per child with advanced monthly payments.

In order to get money to families quickly, the IRS will pay half of the credit as monthly payments now and the other half when you file your taxes next year. In total, you’ll receive a total of $3,600 for each child under 6 and $3,000 for each child between 6 and 17.

RESOURCES

  • IRS Non-Filer Tool
    The IRS portal allows people who are not automatically enrolled in the CTC to sign up for the CTC and any economic impact payments they may have missed, even if they are not applying for the CTC. Someone not filing for CTC can still file just for the economic impact payments through the non-filer sign-up tool.

Didn’t file taxes in the last 2 years? There’s 1 easy step to start getting your Child Tax Credit payments.

Just fill out a simple form to begin receiving your monthly Child Tax Credit payments. You can access it by going to childtaxcredit.gov

All you’ll need to apply are:

  • A reliable mailing address
  • E-mail address
  • Your children’s Social Security Numbers
  • Your Social Security Number (or ITIN)
  • Your bank account information (if you want to receive your payment by direct deposit)

Eligibility: Most families, even those with little to no income, can receive the full amount. If you are a single parent making less than $112,500 or a married couple making less than $150,000—and have children under age 18 who will live with you for more than half of 2021—you are likely eligible for the full benefit. These benefits do not affect your eligibility for other federal benefits like SNAP.