Monthly child tax credit begins July 15

by Jayna Smith

 

Many people will soon be receiving monthly Child Tax Credits. This is due to the American Rescue Plan Act (ARPA) of 2021, which is expanding the tax credit.

 

Instead of a yearly tax credit, however, advance payments will be received by those who qualify on a monthly basis. Those payments are set to begin on July 15 and will continue mid-month through December.

 

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