BOSTON — The Advance Child Tax Credit payments will start to hit bank accounts on Thursday, which is part of President Joe Biden’s $1.9 trillion coronavirus relief package.
Those credits are monthly payments through the end of the year for children under the age of 17. Then when families file their 2021 tax returns, they will get a lump sum payment for the first six months of the year.
MORE: Child tax credits go out Thursday -- here is what you need to know
Families are eligible for up to $3,600 for every child under the age of 6. The credit is up to $3,000 annually for children between 6- and 17-years-old.
Households that filed a 2020 tax return should get these payments automatically. But, if you didn’t, then you likely need to alert the IRS. To do so click here.
Assistant House Speaker and Massachusetts Congresswoman Katherine Clark joined Boston 25 News Anchor Kerry Kavanaugh live to discuss what families need to know to make sure their children get the money they’re eligible for.
Even though payments are beginning this week, it’s not too late to ensure your children qualify. Rep. Clark says if you don’t get a payment this month, you’d get a double payment next month.
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