Additional Child Tax Credit checks going out in July

When President Joe Biden signed the American Rescue Plan he not only gave a third stimulus check of $1,400 dollars but he changed the child tax credit. Under the American Rescue Plan, the additional child tax credit is a way for the government to help reduce child poverty and reduce poverty in minority communities according to President Biden when he signed the new COVID relief into law. Internal Revenue Service Commissioner Charles Rettig said to the Senate Banking Committee on Tuesday, April 13 the IRS is ready to send checks to families who qualify for child tax credit, but he did add if something happens to change the date he will notify the committee.