What is this Advanced Child Tax Credit? Is it the same as the Stimulus Checks? Absolutely not. This money is money that you, as a parent, were going to get anyway when you filed your 2021 tax return in early 2022. $3600 per child up to age 5, $3000 for children ages 6 – 17. The IRS is just giving out half of these amounts ($1800 or $1500) in monthly payments July – Dec 2021 ($300 or $250). This amount will be SUBTRACTED from the credit refund amount you’ll get upon filing your tax return.
