Child Tax Credit

7/16/2021

As part of the American Rescue Plan, if you have a child under the age of 18, you may be eligible for the child tax credit. This provides monthly payments of $250 or $300 per child.

How does it work?

Half the total credit amount will be paid in advance monthly payments and when you file your 2021 income taxes, you will then claim the other half.

When will I receive my payment?

Wanting to know if your child tax payment has arrived? Check your account balances in Online Banking or our mobile app. Online banking is the quickest and easiest way to know if your payment has been deposited.

The Advance Child Tax Credit will be disbursed in monthly installments. The payment dates each month are as follow, as reported by the IRS:

  • July 15, 2021
  • August 13, 2021
  • September 15, 2021
  • October 15, 2021
  • November 15, 2021
  • December 15, 2021

I did not receive my payment

For more information, please visit the IRS website.

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