IRS Sends Out $15 Billion in Child Tax Credit Payments to Families

IRS Sends Out $15 Billion in Child Tax Credit Payments to Families
Blank Social Security checks are run through a printer at the U.S. Treasury printing facility in Philadelphia on Feb. 11, 2005. William Thomas Cain/Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

The Internal Revenue Service (IRS) and Department of Treasury on Aug. 13 confirmed that about $15 billion in child tax credit payments has been sent to families, according to the White House.

The agency said that nearly 61 million children would be affected by the move. Some recipients may face delays, although many are receiving the funds via direct deposit.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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