How much do you get per child?
For children 0-5: Get $300 per month in July-Dec, and $1,800 when you file 2021 taxes
For children 6-17: Get $250 and $1,500.
Dependents ages 18-24: Get $0 now and $500 when you file.
All of these are subject to phase-out limits based on income. The phase-out formula is not straightforward- for married joint filers it starts to drop by $50 per $1000 in income over the 150,000 threshold, but it is not completely phased out until you earn $500,000.