Fourth stimulus check update: Some Americans are receiving $1,500 payments or more

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Fourth stimulus check update: Some Americans are receiving $1,500 payments or more
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The Internal Revenue Service is mailing out what may be the final monthly payment as part of the Child Tax Credit.

The Internal Revenue Service is sending out what may be the last monthly payment to parents today and for some taxpayers, it'll be a hefty amount of $1,500 or more.

While many eligible taxpayers have been receiving the monthly payments since July, families who weren't receiving payments could receive half their allotted credit amount in December if they signed up on IRS.gov before November 15. The Internal Revenue Service is sending out what may be the last monthly payment of the extended Child Tax Credit and some families who didn't receive monthly payments since July will receive half their allotted credit in this round of payments. A sign at the Internal Revenue Service headquarters building in Washington, D.C., is photographed above on April 27, 2020.

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