Child Tax Credit payments go out today

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(WJW) — Parents are expected to receive their next child tax credit payment Friday.

It will be the second of six payments to go to eligible parents on the 15th of each month through December 2021.

This week’s payment is set to arrive early; on Aug. 13, since Aug. 15 is a Sunday.

Qualifying families with children under the age of six will receive $300 per child each month. Families with children who are six to 17 years old will receive $250 monthly.

The IRS says the remaining half of the credit will come with tax refunds, bringing the total to $3,600 per child for families with children under six and $3,000 for families with older children. It’s an increase from the previous credit of $2,000 per child.

Parents can opt out of future monthly payments by clicking here.

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