Starting on July 15, around 39 million American families will be eligible for monthly child tax credit payments of up to $300.

  • The payments were authorized through the American Rescue Plan that was passed in March.

Married parents filing joint returns, as well as qualifying widows or widowers with incomes under $150,000 are eligible for the full refunds.

  • Payments will vary depending on income determined by 2020 tax returns.
  • Deposits will be made from July through December.
  • The tax credit will be automatically paid out every month based on 2020 tax filing information.