The Child Tax Credit has been expanded to $3,000 per child 6-17 years old and $3,600 per child under 6. All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent. That means that nearly 90 percent of children in the U.S. will automatically receive the new child tax credit.
The IRS has launched a simplified online tool that allows families to sign up for the Child Tax Credit. For more information, visit: The Child Tax Credit
Families who filed taxes in the last two years or used the IRS “Non-Filer Portal” to get a stimulus check last year do not need to do anything. The IRS will automatically send them a monthly payment by direct deposit or check starting on July 15, 2021 – at $250 per child between 6-17 or $300 per child under 6.