During 2021, parents were lucky enough to collect a check on the 15th day of the month from July through December for an advancement on their child tax credit.
Parents that qualified could get up to $300 per child age 5 and under per month, or $250 per child between the ages of 6-17.
Whether the payments will continue into 2022 is currently unknown, but at this moment the IRS is getting ready to send the last advanced payment for 2021.
Related: What to know about stimulus checks and child tax credits in 2022
During tax season, parents can collect up to $1,800 per child under 6 or $1,500 per child ages 6-17. This will happen in April of 2022.
Monthly payments aren’t currently set for Jan. 2022, which is stressful to some families that have grown dependent on them.
Democrats want to payments to continue through 2022 on the 15th of each month.
Related: Can new parents collect the expanded child tax credit on their 2021 tax return?
The IRS has let the Democrats know that if that is legislation they would like to approve then it needs to be done by Dec. 28. If it is not, logistically it wouldn’t be possible for payments to go out by the 15th of Jan.
If Democrats can agree, then it should be passed in time for a January payment.
This is not a guarantee right now.
Related: Child tax credit payments end this month, but most parents are still owed up to $1,800
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