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Routing Number: 081206328

Child Tax Credit payments start today

On July 15th, the IRS today began distributing the Advance Child Tax Credit payments authorized by the American Rescue Plan Act of 2021, passed in March 2021.

Payments: Families will receive today’s payment by direct deposit in the bank account currently on file with the IRS. Those not enrolled for direct deposit will receive a check.

Resources: The IRS’s Eligibility Assistant helps families determine eligibility for the payments, and its Update Portal enables recipients to update their bank account information to receive the monthly payment.  Additional information is available on the Advance Child Tax Credit Payments in 2021 page on the IRS website.