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Watch: Biden on Expanded Child Tax Credit

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The White House said that families should expect to see payments on the 15th of every month through the end of 2021.

"For every child under the age of 6, a parent will get $3,600 a year. For every child 6 to 17, they'll get $3,000 per year," said President Joe Biden.

Related: Who Should Opt Out of the Monthly Child Tax Credit Payments? 

"They'll get the first half of this $3,600 starting today. Today. Today. And it will be paid out at $600 a month between now, July, and December," said Biden. "And then they'll get the rest of the payment next spring, around Tax Day."

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