April 18, 2021

credit

Child tax credit checks for how much? How to calculate your family’s monthly payment

Calculate how much money you could get from the 2021 child tax credit.


Sarah Tew/CNET

The IRS is on track to send the newly enhanced 2021 child tax credit through monthly payments, a task it will begin organizing after sending more stimulus check “plus-up payments” and processing more 2020 tax returns. Luckily, you don’t have to wait until the checks start to arrive in July to estimate how much money you could get monthly with the new child tax credit. And since the stimulus law governing the qualifications for families and eligible children is so

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IRS $3,000 child tax credit: New timeline for monthly payments

Details on the child tax credit payments are still in the works, but money is expected to start going out in July. Here’s what we know.


Sarah Tew/CNET

In just a few months, the IRS will start sending out the expanded child tax credit payments to eligible families with qualifying dependents. If you qualify, you’ll start receiving monthly payments from July to December, per the IRS, and the rest of your money will come with your 2021 tax refund.

Payments will range between $500 and $3,600 for each dependent, depending on age (see below). And if you have

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New child tax credit update: Here’s how much money you’ll get each month

Calculate how much money you could get from the 2021 child tax credit.


Sarah Tew/CNET

After weeks of waiting, we finally know the child tax credit payments will begin in July with “payments going out on a monthly basis,” IRS Commissioner Charles Rettig said Tuesday. If you’re eligible, half of your 2021 child tax credit will be sent out each month from July to December, with the other half arriving after you file your 2021 tax return. We took out all the guesswork for how much you can get by creating a calculator tool to help you estimate how

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Child tax credit 2021: Calculating the total is a brain-buster, but it could bring more than stimulus checks

Calculate how much money you could get from the 2021 child tax credit.


Sarah Tew/CNET

Figuring out how much you could expect from the third stimulus check is hard enough, with new income limits and more dependents counting toward the payment this time. (And plus-up payments, if you’re due more.) The new child tax credit is even more confusing, which will calculate the payments based on your income and the age of your kids and then dividing payments up over the second half of 2021 and into 2022.

But it’s worth getting your arms around, as the expanded

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Texans, your credit score could increase your auto insurance premiums more than some dings on your driving record

A recent report confirms that creditworthiness can have a tremendous impact on how much you pay to insure your vehicle.

Reminder: The tax deadline is is not April 15th in Texas this year

First off, someone asked in a panic this week about the tax deadline. 

A reminder: That was put on ice, along with everything else by the Texas February winter storm. 

This year, Texans’ taxes are due by June 15th.   

Add used cars to the COVID-19 shortages 

Now to COVID-19 shortages. It happened with toilet paper, disinfectant spray, bicycles, and so many more products because

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Child tax credit 2021 could bring more than stimulus checks. Calculating the total is a brain-buster

Calculate how much money you could get from the 2021 child tax credit.


Sarah Tew/CNET

While the IRS continues to send out fresh batches of stimulus checks of up to $1,400 each, a perk in the new $1.9 trillion COVID relief bill is set to bring thousands of dollars to families with children. Along with savings for medical costs, and extra unemployment checks, households with dependent children can expect even more money from changes to the child tax credit. Over time, it could potentially bring in more than the stimulus checks, with CTC payments

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