The vast majority of American families with children will automatically receive up to $300 per month, per child beginning July 15, the IRS and Treasury Department announced last month.
The IRS said families who qualify for the Child Tax Credit, which was expanded as part of President Joe Biden’s $1.9 trillion American Rescue Plan, will receive monthly payments without taking any further action. Initial eligibility will be based on 2019 or 2020 tax returns.
ABC News’ Shannon Crawford and Samara Lynn contributed to this report.
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