Child tax credits are still going and millions of families will be getting stimulus money worth up to $300 just before the holiday.
On Nov. 15 almost 36 million families were sent checks worth up to $300.
Those receiving checks by direct deposit should have seen the money hit their bank accounts by now.
Related: Child Tax Credit: After 2025 child tax credits may drop to $1,000 per child
If it is mailed in the form of a check, it may take a bit longer.
The child tax credit was changed from $2,000 to $3,600 under the American Rescue Plan in March.
Since July families have been getting monthly payments worth up to $300 per child.
Five payments have gone out so far and one more is scheduled for Dec. 15.
Related: Stimulus check: how to qualify for claim the additional $1,400 stimulus check in 2022
Whether the program will continue in 2022 is currently unknown.
Next year families can claim up to $1,800 per child, the second half of their child tax credit. By Dec. 15 families will have received the first half unless they opted out.
Kids under age 6 usually get checks worth $300, kids ages 6-17 get checks worth $250, and students 24 and under get a total of $500.
Families can still opt out of the program to not get the check in Dec. if they do so by Nov. 29.
Related: Child Tax Credit: I didn’t get my payment, what do I do?
Some choose to opt out if their tax details changed and they want to avoid an overpayment.
This can be due to a child aging out or a change in income.
Families may unenroll through the Child Tax Credit Update Portal.
Families welcome the payment this month as they prepare to pay inflated prices for Thanksgiving dinner ingredients.
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