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Child tax credit payments start this week

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child tax credit

Who qualifies for the child tax credit?

(CNN) -- The first payments in the Biden administration's enhanced child tax credits are due to start rolling out this week.

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The program works like this:

Heads of household will receive up to $3,600 for each child up to 6-years-old and $3,000 for each six to 17-year-old.

Half of that credit can be claimed when filing income taxes for the year, but the other will be paid in monthly installments from now through the end of the year.

Those payments can be up to $300 per month for kids under 6 and $250 a month for kids up to 17.

The mount of the credit goes down for people earning over $112,000 and households making more than $150,000.

About 39 million households and 88% of the nation's kids are estimated to be covered by the enhanced credits.

The IRS has partnered with non-profits to reach households that may not file taxes.

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