WASHINGTON - Starting this week, millions of American families can expect to receive the first round of payments from the new expanded child tax credit that was signed into law in March after the passage of President Joe Biden’s $1.9 trillion coronavirus relief package.As part of Biden's relief bill, eligible families can receive as much as $3,600 for each child under the age of 6.
The tax credit will be $3,000 annually per child between the ages of 6 and 17.The Internal Revenue Service announced that it will begin issuing advance payments on July 15 to some 39 million families with roughly 65 million children. "Each payment will be up to $300 per child under age 6 and up to $250 per child ages 6 through 17," the IRS wrote in a post on.