WASHINGTON – The first payments in the Biden Administration’s enhanced Child Tax Credits are due to start rolling out this week.
Heads of household will receive up to $3,600 for each child up to six years old, and $3,000 for each six-to-17 years old.
Half of that credit can be claimed when filing income taxes for the year, but the other half will be paid in monthly installments from now through the end of the year.
Those payments can be up to $300 per month for kids under six, and $250 a month for kids up to 17.
The amount of the credit goes down for people earning over $112,000, and households making more than $150,000.
About 39 million households, and 88 percent of the nation’s kids, are estimated to be covered by the enhanced credits.
The Internal Revenue Service has partnered with non-profits to reach households that may not file taxes.
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