Jill On Money: Everything you need to know about the new Child Tax Credit

When the American Rescue Plan became law in March, the focus was on immediate relief that came in the form of $1,400 stimulus checks and supplemental federal unemployment benefits of $300 per week. Another important feature of the plan was the Enhanced Child Tax Credit, which entitles millions of American households to a fresh round of payments, starting this summer. Here’s what you need to know about the changes.

How much is the new credit?

The government increased the amount of the existing Child Tax Credit from $2,000 to $3,600 for children under age 6, and $3,000 for children age 6 to17 years old.

Besides the amount, what else is

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