The first set of payments is set to go out on July 15. Over 39 million households will benefit from the credits. COLUMBIA - President Joe Biden signed a $1.9 trillion relief package into law on March 11. The bill included stimulus payments, jobless benefits and a child tax credit, among other items. The package will enhance the child tax credit by supplying eligible parents $300 a month for each child under age 6 and $250 for each one ages 6 to 17. Over 39 million households will benefit from the credit; it covers 88% of children in the nation. The first set of payments is set to go out on July 15