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47abc July 14, 2021 The Child Tax Credit payments have begun going out to families. The payments come as a result of the 1.9 trillion cares signed into law by President Joe Biden. The full credit in the form of monthly payments is available for heads of households earning $112,500 and joint filers up to $150,000 a year, before decreasing with larger incomes. While families may be receiving as much as 2,000 dollars per child, with lower-income families able to receive more aid as the credits are tax refundable, tax experts want families to know those monthly payments are deducted from a family’s annual tax returns.

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