But what that means for your family can depend on where you live. Tens of millions of families covering nearly 60 million children across America start to receive monthly Child Tax Credit payments Thursday for the first time ever. This means eligible families will receive $300 monthly for each child under 6 and $250 per child older than that.But half the credit, $1,800 to $1,500, will be distributed as an advance on 2021 taxes in six monthly payments The credit is $3,600 annually for children under 6 and $3,000 for children ages 6 to 17.
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