Will there be a monthly child tax credit payment

No, not for tax years 2022 onwards. No such advance payments have been enacted for the future.

 

There were monthly advance Child Tax Credit payments for tax year 2021 (during Covid times).

 

From tax year 2022 onwards, the Child Tax Credit must be claimed on your tax return.

 

See this TurboTax article.

 

 

And...if you are referring to the enhanced child tax credit bill that is currently being considered by the Senate---that has not passed or been signed into law.