Child Tax Credit Monthly Payments Begin July 15 thru December
Beginning this Thursday, July 15, many hardworking families across Oregon will begin to receive advance monthly payments of the Child Tax Credit of up to $300 per month per child. These payments are part of the American Rescue Plan.
Families will qualify for a full credit if their income is below $75,000 for single filers, $112,000 for people filing as head of household, or $150,000 for those that file jointly.
The American Rescue Plan expanded the Child Tax Credit to up to $3,600 per child for children ages 0 to 5 and $3,000 per child for children ages 6 to 17.
The American Rescue Plan also authorized advance monthly payments of the Child Tax Credit through December 2021. Beginning July 15 and running through December, qualifying families can get up to:
$300 a month per child for children ages 0 to 5.
$250 a month per child for children ages 6 to 17.
Families will get their remaining expanded Child Tax Credit when they file their 2021 tax return.
How Do I Get My Payment?
Families should get their monthly payments automatically beginning July 15th with no further action required. If you’ve filed tax returns for 2019 or 2020, or if you signed up to receive an Economic Impact Payment (EIP) stimulus check from the Internal Revenue Service (IRS), you will get this benefit automatically. You do not need to sign up or take any action.
Families who did not file a tax return for 2019 or 2020, or did not use the IRS Non-filers tool last year to sign up for Economic Impact Payments, must go online and use the IRS Child Tax Credit Non-filer Sign-up Tool to sign up.
Families who received their tax refunds from the IRS through direct deposit will see these Child Tax Credit payments deposited into their bank account around the 15th of every month until the end of 2021. People who don’t use direct deposit will receive their payment by mail around the same time.