Eligible families are set to receive a third round of monthly child tax credit direct payments this week.
The temporarily enhanced tax credits — included in the $1.9 trillion American Rescue Plan signed into law by President Joe Biden in March — provide eligible parents with up to $3,600 per child over the course of a year. The first half of the credit will be sent as monthly payments of up to $300 for the rest of 2021, and the second half can be claimed when filing taxes for 2021. The first two payments were sent on July 15 and Aug. 13.
Here’s what to know about the child tax credit ahead of September’s payments.
