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Most Americans with children to receive monthly federal payments starting in July

(The Center Square) – Millions of American families will receive hundreds of dollars in regular federal payments beginning next month, the Internal Revenue Service said Monday. The IRS announced July 15 as the start date for monthly child tax credit payments that would affect the vast majority of Americans with children. “Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above,” the IRS said in a statement. The Internal Revenue Service said it will begin sending out monthly Child Tax Credit payments July 15 “without any further action required,” a key element of the “American Rescue Plan” COVID relief bill passed by Congress earlier this year.

Most Americans with children to receive monthly federal payments starting in July

Most Americans with children to receive monthly federal payments starting in July
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Taxes Q&A: How can I file free online? Do I owe taxes on unemployment?

USA TODAY We have entered the final weekend of tax season. And, in these last days, USA TODAY has answers to your questions. You can submit your queries here and read answers to earlier questions below. We will be updating the Q&A, so keep checking. But, also look to these places: If you want to share your personal finance experience during the coronavirus crisis, you can email moneyforum@usatoday.com. Stay connected, even when we re all apart. Join our Money & Tech Facebook group or follow us on Twitter @USATODAYMoney for daily updates. How do I file a tax extension for 2021?

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