Child Tax Credit – Where's my Refund?

The last monthly child tax credit payment of 2021 is being distributed

The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did not receive advance payments can claim the Child Tax Credit on their 2021 federal tax return to receive missed payments… Continue reading The last monthly child tax credit payment of 2021 is being distributed

IRS will send out the last Advance Child Tax Credit payment by December 15, 2022

The Internal Revenue Service (IRS) is preparing for the sixth and final batch of monthly child tax credit payments. The first five payments were sent between July 15 to November 15, while the last payment is scheduled for December 15. There will then be payments of up to 1,800 dollars or 1,500 dollars, depending on the age of the… Continue reading IRS will send out the last Advance Child Tax Credit payment by December 15, 2022

November advance Child Tax Credit payments

The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their advance Child Tax Credit (CTC) payment for the month of November. Low-income families who are not getting payments and have not filed a tax return can still get one, but they must sign up on IRS.gov… Continue reading November advance Child Tax Credit payments

IRS updates 2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions

The Internal Revenue Service today updated frequently-asked-questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit Payments to describe how taxpayers can now provide the IRS an estimate of your 2021 income using the Child Tax Credit Update Portal (CTC UP). These FAQs update the Advance Child Tax Credit Topic A FAQs by adding a new question,… Continue reading IRS updates 2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions

Midnight Tonight! IRS deadline to change income info for November 15 Child Tax Credit Payment

The next round of the advance child tax credit is set for Nov. 15. But if you’re worried that you’re getting too much or too little money, well, the IRS is asking that some people who saw their incomes change this year take action by Monday. On Monday, a new feature of an Internal Revenue Service… Continue reading Midnight Tonight! IRS deadline to change income info for November 15 Child Tax Credit Payment

Common Questions About the Advance Child Tax Credit Payment

The advance child tax credit allows qualifying families to receive early payments of the tax credit many people may claim on their 2021 tax return during the 2022 tax filing season. The IRS will disburse these advance payments monthly through December 2021. Here are some details to help people better understand these payments. Who is… Continue reading Common Questions About the Advance Child Tax Credit Payment

Do you have to pay back the Child Tax Credit Payments?

The IRS is now making monthly child tax credit payments to eligible families. Depending on the age of your child, those payments can be as much as $300-per-kid each month from July to December. That’s an extra $1,800 per child in your pocket if you get the full amount for six months. But what if the… Continue reading Do you have to pay back the Child Tax Credit Payments?

How does a taxpayer’s custody situation affect their advance child tax credit payments?

As many taxpayers with children likely already know, there were some changes made to the child tax credit for 2021. Most notably, part of the credit was delivered to eligible taxpayers in advance of the 2022 tax season in monthly installments (starting July 15, 2021) for those taxpayers who did not opt-out. Additionally, the credit… Continue reading How does a taxpayer’s custody situation affect their advance child tax credit payments?

Child Tax Credit Payments Will Be Sent This Week

It’s almost time for the fourth batch of monthly child tax credit payments. The first three payments were sent on July 15, August 13, and September 15, while the next payment is scheduled for October 15 – that’s this week! The IRS will also be sending out additional payments every month through the end of the year. For parents… Continue reading Child Tax Credit Payments Will Be Sent This Week

Tool Available to Track Your Advance Child Tax Credit Payments

The IRS began issuing advance payments of the Child Tax Credit (CTC) in mid-July. Similar to certain other credits with an advance payment option, taxpayers who receive these advance payments will have to reconcile the total amount received on their 2021 individual income tax return. In January 2022, the IRS is planning to send Letter 6419 to all advance CTC… Continue reading Tool Available to Track Your Advance Child Tax Credit Payments