Second Child Tax Credit Payment Sent on August 13
Parents who are struggling financially were thrilled to receive their first child tax credit payment in July. Getting up to $300-per-child each month (depending on the age of the child) can mean the difference between poverty and survival for some families. Americans had to wait several months for their first payment to arrive, but additional payments are now being sent every month through the end of the year.
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The IRS sent the second round of child tax credit payments on August 13, and the schedule for future payments is in the table below. At this point, the payments won't continue into 2022, although President Biden and many Congressional Democrats want to extend them beyond this year. So, there's a chance the IRS will still be sending monthly payments next year, too.
