WASHINGTON —TheIn­ter­nal Rev­enue Ser­vice and the Trea­sury Depart­ment announced today that mil­lions of Amer­i­can fam­i­lies have start­ed receiv­ing month­ly Child Tax Cred­it pay­ments as direct deposits begin post­ing in bank accounts and checks arrive in mailboxes.

This first batch of advance month­ly pay­ments worth rough­ly $15 bil­lion reached about 35 mil­lion fam­i­lies today across the coun­try. About 86% were sent by direct deposit.

The pay­ments will con­tin­ue each month. The IRS urged peo­ple who nor­mal­ly aren’t required to file a tax return to explore the tools avail­able on IRS.gov. These tools can help deter­mine eli­gi­bil­i­ty for the advance Child Tax Cred­it or help peo­ple file a sim­pli­fied tax return to sign up for these pay­ments as well as Eco­nom­ic Impact Pay­ments, and oth­er cred­its you may be eli­gi­ble to receive.

Under the Amer­i­can Res­cue Plan, each pay­ment is up to $300 per month for each child under age 6 and up to $250 per month for each child ages 6 through 17. Nor­mal­ly, any­one who receives a pay­ment this month will also receive a pay­ment each month for the rest of 2021 unless they unen­roll. Besides the July 15 pay­ment, pay­ment dates are: Aug. 13, Sept. 15, Oct. 15, Nov. 15 and Dec. 15.

Here are fur­ther details on these payments:

  • Fam­i­lies will see the direct deposit pay­ments in their accounts start­ing today, July 15. For those receiv­ing pay­ment by paper check, they should remem­ber to take into con­sid­er­a­tion the time it takes to receive it by mail.
  • Pay­ments went to eli­gi­ble fam­i­lies who filed 2019 or 2020 income tax returns.
  • Tax returns processed by June 28 are reflect­ed in these pay­ments. This includes peo­ple who don’t typ­i­cal­ly file a return, but dur­ing 2020 suc­cess­ful­ly reg­is­tered for Eco­nom­ic Impact Pay­ments using the IRS Non-Fil­ers tool or in 2021 suc­cess­ful­ly used the Non-fil­er Sign-up Tool for Advance CTC, also on IRS.gov.
  • Pay­ments are auto­mat­ic. Aside from fil­ing a tax return, includ­ing a sim­pli­fied return from the Non-Fil­er Sign-Up tool, fam­i­lies don’t have to do any­thing if they are eli­gi­ble to receive month­ly payments.

Addi­tion­al infor­ma­tion is avail­able on a spe­cial Advance Child Tax Cred­it 2021 page, designed to pro­vide the most up-to-date infor­ma­tion about the cred­it and the advance payments.

Orig­i­nal­ly post­ed on IRS.gov