Attention, parents and guardians! Important changes to the Child Tax Credit will help many families get advance payments of the Child Tax Credit. Eligible families can receive advance payments of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above.
The IRS will pay half the total credit amount in advance monthly payments. You will claim the other half when you file your 2021 income tax return.
Those who qualify can sign up online using the Non-filer sign-up tool on the IRS website. To access this tool, click here. This will be available until Oct. 15, 2021.