Thanks to the American Rescue Plan Act, child tax credit payments are going to be distributed to Americans beginning in July.\u00a0 Of course several questions arise in the process: How much will I get? How does it work? How long does it last? We have the answers for you. Let's take a look at the various qualifications and guidelines you'll need to meet to receive your payment. First of all, payments are going to begin July 15. These payments will continue on the 15th of each month for the next six months, ceasing in December. The only exception is August when payments will be made on the 13th. Americans should expect either a physical check or direct deposit from the IRS. The Rescue Plan increased the federal child tax credit to $3,600 per year for children under 6 and $3,000 for children ages 6 to 17. It's important to note that these payments will not count as additional income that could effect a family's eligibility for public assistance. The maximum credit is available to taxpayers with a modified Adjusted Gross Income, or AGI, of the following: \u2022 $75,000 or less for singles \u2022 $112,500 or less for a single parent or head of household \u2022 $150,000 or less for married couples who file jointly or qualified widows or widowers. Parents with children under the age of 18 may be eligible to receive payments if they have not previously filed taxes or have low or no earnings. Taxpayers who file both their federal and state taxes may be eligible for state tax credits including the Home Heating Credit, Homestead Property Tax Credit and Earned Income Tax. The expanded child credit tax is expected to reduce child poverty by 45 percent overall, with a 52-percent reduction for African-American children and a 62-percent reduction for Native American children.