Child Tax Credit: How Much Will Your Monthly Check Be?

(CBS Detroit) — For millions of parents and guardians, the first monthly Child Tax Credit payment is less than two months away. The Treasury Department and Internal Revenue Service (IRS) recently announced the official start date for the updated credit, as laid out in the American Rescue Plan.
The Child Tax Credit was established in the late 1990s to help qualified taxpayers with the cost of raising a child. But the recent $1.9 trillion COVID relief package aims to give parents and guardia