Apr 15, 2021
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About this Deal
The Internal Revenue Service is on track to send the monthly advanced payments for the Child Tax Credit (CTC) starting in July, according to IRS Commissioner Charles Rettig. The payments are worth up to $300 per child.
The agency is also launching a portal where taxpayers will be able to update their information by July 1.
“We will launch by July 1 with the absolute best product we are able to put together,” Rettig told the Senate Finance Committee on Tuesday. "We might need to adjust that… but we are trying to get it as user-friendly as possible.”