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.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to news@fingerlakes1.com.