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Biden White House Says Monthly Child Tax Credit Payments Will Begin July 15
President Joe Biden delivers remarks on the COVID-19 response and vaccination program as Vice President Kamala Harris listens in the Rose Garden of the White House on May 13, 2021, in Washington, D.C.
Alex Wong / Getty Images
The Biden administration announced on Monday that direct monthly payments to families with children would begin on July 15. The payments are child tax credit rebates traditionally treated as tax refunds once a year are part of the American Rescue Plan passed earlier this year.
Around 39 million families, accounting for 65 million children in the U.S., will receive direct payments from the IRS, through direct deposits, checks or debit cards. No action is required from parents to obtain the payments, which will be issued based on the tax information filed with the IRS.
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