New Child Tax Credit Payments Arrive in Working Families' Bank Accounts
Starting this week, nearly all working families in America are receiving their first monthly payment from the expanded Child Tax Credit—up to $300 per child. It is a huge step towards cutting childhood poverty in half and will bring relief to parents and caregivers across the country.
If you file your taxes electronically, look for a deposit labeled “CHILDCTC.” If you did not see a direct deposit payment Thursday, you can visit the Child Tax Credit Update Portal to see whether your information is up to date.
If you were not required to file taxes in 2019 or 2020 or did not do so, you must update your information with the IRS to receive the benefit. The IRS released an online tool where parents can register their information electronically.
Have questions? Learn more and access a Child Tax Credit Toolkit at http://childtaxcredit.gov!