(CNN) Eligible parents will begin receiving the first monthly installment of the new enhanced child tax credit starting on July 15.
The payments, which could total as much as $300 for each child under age 6 and $250 for each one ages 6 to 17, will continue each month through December. The other half of the credit can be claimed at tax time next year.
Use CNN's child tax credit calculator to see how much you could receive.