If you have have any children age 17 or younger, you might want to take a look at your bank account.
On Thursday, the Internal Revenue Service started making the first of six monthly payments to eligible families under the expanded child tax credit, which Congress approved as part of the American Rescue Plan earlier this year.
How much money families receive depends on the ages of the children they have in their household. For children under the age of six, the total credit increased from $2,000 to $3,600 per child. For those between the ages of 6 and 17, the total credit expanded to $3,000 per child, a $1,000 increase.
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