The child tax credit is $3,600 if the child is under 6 years old, while if the child is 6 or older up to the age of 17, the cost of the credit will be $3000 per child.
The IRS pays half of these amounts to families with children, which amounts to $300 each month for a child under 6 years old and $250 for a child under 17, and this decision was issued in 2021.