The first payment of the Child Tax Credit started hitting bank accounts on July 15 and will continue every month for the rest of 2021.
The goal of the monthly distribution is to get money to Americans sooner and more spread out to help cover basic needs and make more of an impact for lower-income families. You are eligible to receive these monthly payments as long as you received the Child Tax Credit as part of your 2019 or 2020 tax filing and your child does not turn 18 this year.
However, there are income limits to consider.