The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan.
Child Tax Credit payments start today
July 15, 2021 / By ICBA
The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan.
The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan.
Payments: Families will receive today’s payment by direct deposit in the bank account currently on file with the IRS. Those not enrolled for direct deposit will receive a check.
Resources: The IRS’s Eligibility Assistant helps families determine eligibility for the payments, and its Update Portal enables recipients to update their bank account information to receive the monthly payment.
More: Additional information is available on ICBA’s frequently asked questions on the payments and via the IRS website.
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