You should've received a couple letters in the mail explaining it all before getting the first payment.
1st letter explains you will receive the second letter with the payout specifics. It also explains you must OPT out if you do not want to receive the child tax credits early.
2nd letter breaks down your payout and explains how it will be monthly payments instead of one lump sum.
I have two children and will receive appx $600 per month until the entire credit is paid out (which will take about a year).
Seems fine to me. Take what they will give you now as there is no guarantees for getting it next year.
You should've received a couple letters in the mail explaining it all before getting the first payment.
1st letter explains you will receive the second letter with the payout specifics. It also explains you must OPT out if you do not want to receive the child tax credits early.
2nd letter breaks down your payout and explains how it will be monthly payments instead of one lump sum.
I have two children and will receive appx $600 per month until the entire credit is paid out (which will take about a year).
Seems fine to me. Take what they will give you now as there is no guarantees for getting it next year.