The payments will be based on income. Families with kids under 6 years old will get up to $300, while those with kids older than 6 get up to $250.
“You won’t have to wait until your next year’s tax return to get [the Child Tax Credit]. I’m announcing today that on July 15th, on the 15th of every month thereafter throughout the year, you will get deposited in your bank… $250 per child each month…
Help is here.” —@POTUS pic.twitter.com/w22mKvMxjb
— CAP Action (@CAPAction) May 17, 2021