HEADLINES & GLOBAL NEWS
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Jul 11, 2021 08:36 PM EDT
On July 15, the first of six advance monthly installments of the increased federal child tax credit will be sent to 39 million American households.
(Photo : Pexels/Karolina Grabowska)
Parents To Receive Their Monthly Child Tax Credit
In a recently published article in Indy Star, as part of the new federal legislation, starting July 15, parents will be entitled to a new monthly child tax credit for each kid. The monthly payments are linked to income taxes and are known as advanced payments.
Because the final day to modify the option for the July disbursement was on June 28, if a family has not yet unenrolled for the advance monthly payments, they will get one this month through direct deposit or paper check.
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