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Child tax credit to start hitting bank accounts this month Share Updated: 12:29 PM MDT Jul 2, 2021 Alyx Sacks Share Updated: 12:29 PM MDT Jul 2, 2021 Hide Transcript Show Transcript american families are going to be receiving some larger tax credits this year and we are coming up on an important deadline for those who do in this family matters. Report K. C. C. S. Alex Sax talked to a tax advisor about your options. The government raising the child tax credit is a part of the american rescue plan and instead of waiting until tax time, half of the child tax credit is going out immediately to help families in the form of automatic monthly payments starting in july. The other half will be credited when you file your taxes. So for a child five and younger you ll get $3600. Children 6-17. It s 3000 like stimulus checks. This is income based. Single filers earning up to $75,000 get the full benefit same for joint fil ....
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