Back in March of 2021, President Biden passes the $1.9 Trillion American Rescue Plan to increase the child tax credit.
In April, The IRS announced that families can start receiving automatic advanced child tax credit payments starting in July 2021 and ending December 2021.
The advance payments will be disbursed based on your 2020 tax return.
Payments for children under the age of six will receive payments for $300 monthly. Children age six and over will have monthly payments of $250 monthly.
To get more information about your advanced child tax credit, including how to opt out of the automatic payments. Please click the below. https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
