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Federal child tax credit payments begin July 15

WASHINGTON, D.C —  Federal child tax credit payments begin Thursday, July 15.  The first half of the credit will come in monthly installments.  Eligible families will get $250 a month from July through December for each child 6 to 17-years-old.  For every child under 6-years-old, families will get $300 a month.  The other half of the credit families will claim when they file taxes next year.

The tax benefit was expanded under the American Rescue Plan. The old amount was $2,000 per child.  It goes up to $3,600 for each child under 6 and $3,000 per child ages 6 to 17.