Check Your Bank Account: Child Tax Credit Payment Only Days Away But four million children from low-income families are at risk of not seeing any money from the benefits. Fresh off disbursing last month’s first payments from the expanded child tax credits, the Internal Revenue Service and the Treasury Department are now gearing up to release the next batch of checks for August. Do take note that the next payments will arrive on August 13, which is different from the other months that all have pay dates on the fifteenth. This is due to August 15 falling on a Sunday. “The payments will continue each month,” the IRS recently said.