Some American Families To Receive Child Tax Credit Soon

The payments are part of the $1.9 trillion COVID relief plan signed into law in March.

Some American families could see some extra cash in their accounts soon. The Biden administration announced 39 million families will get their first monthly tax credit on July 15. The temporary payments are worth up to $300 per month for each child under 6. For each child over 6, the credits are worth up to $250.