Stimulus Update: First 2 Child Tax Credits Have Now Gone Out

One of the most important provisions of March's $1.9 trillion American Rescue Plan was the expansion of the Child Tax Credit. Not only does the Child Tax Credit now have a higher value, but it's also fully refundable, which means families with no tax liability receive every dollar they're entitled to under it. The first monthly Child Tax Credit payment hit Americans' bank accounts in mid-July.