First monthly child tax credits go out Thursday
Eligible families to receive up to $300 per child this month
SAN ANTONIO – Most families with young children will see a bump in their bank accounts this week.
On Thursday, the IRS will begin depositing and sending the first monthly child tax credit payments to eligible households.
Amy Novel, mother of a toddler and a preschooler, welcomes the $600 that should come her way.
“It’s very helpful,” she said. “I think we’ll save that for school for my kids. I’m very happy about it.”
The money is part of the American Rescue Plan and Covid Relief bill signed in March. It includes expanded child tax credits aimed at helping families recover after a challenging year.
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