Many parents were elated to see hundreds of dollars suddenly land in their bank accounts last week, as the Internal Revenue Service handed out the first of six months child tax credit payments . This is the first time that the child tax credit is paid monthly. When lawmakers strengthened credit under the Democrats '$ 1.9 trillion coronavirus relief package in the spring, they chose to provide half this yearborn to help parents with their monthly expenses, including accommodation, food, clothing and school supplies. Families will receive the other half when they file their 2021 tax returns next year, but receiving the monthly payments could come with some nasty surprises at tax time in the spring, especially for parents in some situations. They might be better off unsubscribe of this year income stream via an IRS portal and receive the credit as a lump sum when they file their 2021 taxes, which is usually how they are paid.