Child tax credit for $3,000 or more: When the first payment may arrive,

For parents whose children meet the requirements, the revised child tax credit — with $3,000 for older children and $3,600 for younger kids — may send you and your family money through the second half of 2021 and again in 2022. The IRS is still filling in the schedule for the CTC payments, but we already know the broad outlines, including who qualifies for the payments
and how much they could receive.

The temporary child tax credit payments are one piece of the federal government’s effort to help families and individuals make it through the the ongoing pandemic, with the third round of stimulus checks, monthly unemployment money and health care and insurance savings all part of the March law.

We’ve got the details about the child tax credit delivery schedule below, including how often payments could come, what to know about overpayment, how to correct any errors and what happens to your CTC payment if you share custody of one or more children. If you’re waiting for your $1,400 check to arrive, you can track your payment here. Here are nine unusual stimulus check facts and what the story is now with student loan debt forgiveness. This story was recently updated.

Is there a date for when the first child tax credit payment will arrive?

We know a general timeline, but the specifics haven’t yet been pinned down. The American Rescue Plan stipulates that CTC payments will start to arrive in July, but a specific date hasn’t been released. The IRS will make additional information about the expanded child tax credit available “as soon as possible,” the agency said in a statement March 12. See our chart below for potential timelines.