Parents Will Start Getting Monthly Checks From The Government Starting July 15

Roughly 39 million American households will receive payments of up to $300 per child per month as part of American Rescue Plan.

Tens of millions of U.S. households will begin receiving monthly checks of up to $300 per child starting July 15, President Joe Biden’s administration announced Monday. The checks are the result of a boosted child tax credit program Democrats included in the American Rescue Plan, the $2 trillion COVID-19 relief bill Biden signed into law in March. The law not only boosted the benefit amount for families making $150,000 or less, but also told the IRS to pay the money in advance, essentially transforming the credit into a monthly child allowance.