In one week, the firstwill be sent to . How much can you expect? Each of your children under 6 years old could get you up to $300 a month, and each dependent aged 6 through 17 could get you up to $250 per month. And that’s just for this year alone — the other half of the child tax credit comes when you file your taxes in 2022. Dependents 18 years and older could potentially qualify for one payment after tax season next year. You can use our calculator, below, to get a better idea of what to look for.
Before the first monthly payment on July 15, you can check if you qualify based onas well as . If you’d prefer to get one large check next year for the total amount (up to $3,600 per kid), you could also , which you may want to do soon. And if the IRS doesn’t have your updated information on file, you’ll probably need to use its new to give the tax agency your details.
We’ll explain how the math and other requirements work in determining your credit amount. The IRS has beento parents to let them know whether they . We can also help you to manage your child tax credit payments and tell you what to expect during . This story sees regular updates.
Calculate your 2021 child tax credit payments now
Start here by entering your Read more>>and number of kids. (Our calculator will not store or use your data.) The results you get are based on our current knowledge of the law and should be treated as broad estimates only; the IRS will determine the final amount. We suggest consulting a financial professional if you want a more personalized estimate…