One of the key requirements for families to receive advance checks starting July 15 is that the children in the household must have a valid Social Security number.
New missives being processed by the IRS will detail the amount of money each family will receive per child per month, beginning July 15, under the Biden Administration’s extension of the Child Tax Credit.
As of July 15, as a result of the approval of the U.S. Rescue Plan, payments under the Child Tax Credit will be sent in advance to eligible families who wish to receive them; those who do not will have to unsubscribe from advance payments.
Democrats face a complicated scenario, mainly in the Senate, where leader Chuck Schumer is evaluating how to approve President Biden’s financial package, which focuses on infrastructure and support for families.
The first payment under the credit extension that provides up to $3,600 per child will be sent July 15; the agency sent letters to more than 36 million U.S. families who would be eligible for the advance payments.