President Joe Biden’s administration will begin sending about 39 million U.S. families cash child benefit payments in July, the White House announced Monday. Families who qualify will receive monthly payments from the Internal Revenue Service around the 15th of every month for the rest of the year, The Washington Post reported: $300 for children under six and $250 for children older than six. Eighty-eight percent of all U.S. kids will receive the benefit according to Biden administration officials’ estimations, and 80 percent of that population will receive the payments directly through direct deposit, WaPo reported. Parents who are high income will either receive no child benefits or smaller ones depending on their incomes, the publication reported, with credit receding for an individual who has an adjusted gross income of over $75,000 or couples with an adjusted gross income of over $150,000. “The American Rescue Plan is delivering critical tax relief …