Child cash benefits will hit bank accounts for 39 million American families in July

Cash benefits will go out to 39 million American families starting this summer as part of the coronavirus relief bill.

Starting July 15, families that qualify will get monthly payments of $300 per child under 6 and $250 per child 6 or older. For instance, let’s say a family has a 3-year-old and a 7-year-old. That family would see $550 every month until the year ends. It goes directly from the IRS to your bank account.