Fourth payment of Advance Child Tax Credits disbursed

Treasury and the IRS have announced that more than $15 billion dollars in payments were made last week to families that include roughly 61 million eligible children. This is the fourth monthly payment of the expanded and advanceable Child Tax Credit provided in the American Rescue Plan. Since the first payments were sent in July, Treasury and the IRS have delivered more than $61 billion dollars to families across the country. Eligible families received 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 to 17. The payments are advances against the Child Tax Credit available to the eligible taxpayers when they file their 2021 tax returns next year.