Another round of child tax credit payments are going out to families

Millions of families will soon receive their third child tax credit payments, which are set to be distributed on Wednesday.

Most parents will automatically receive the enhanced credits of up to $300 for each child up to age 6 and $250 for each one age 6 through 17. The Internal Revenue Service is scheduled to send three more monthly payments in 2021.

Source: Another round of child tax credit payments are going out to families