Home » Business » August Child Tax Credit Payment: How to Track It Online

August Child Tax Credit Payment: How to Track It Online

Among the benefits included in the American Rescue Plan there is the extension to the Child Tax Credit (CTC). Previously a maximum of $ 2,000 was awarded, but this year, Families with children under the age of 6 are eligible for a payment of up to $ 3,600 for each child or dependent, and families with children ages 6 to 17 can receive up to $ 3,000.

Half of this amount will be sent in six monthly payments of $ 250 or $ 300 and the rest will be delivered until 2022 after the Internal Revenue Service (IRS) processes the 2021 tax returns.

On July 15, the first payment was sent and On August 13, the IRS sent the second batch of payments to more than 36 million familieshowever, some contributors have not received it. Can I track the August payment online?

August payment of the Child Tax Credit: how to follow it online?

According to the IRS, on the dates that child tax credit payments are scheduled, taxpayers can see them reflected in their bank account. Nevertheless, If you still do not receive it, your payment may not have been processed, a situation that you can review in the Child Tax Credit Update Portal del IRS.

In this portal you can see the history of monthly payments processed, with which you can check if pending payments have already passed through your bank account. To verify your payments online, you will need to register with your IRS username and your ID.me account information. If you are a new user, you will need to register with a photo ID.

Some families will receive their payment by mail and no deposit

The IRS reported that due to a problem, some families will receive their payment by mail in a paper check and not by direct deposit as in July. This may be one of the reasons why you haven’t received your payment yet. The IRS has noted that mail-in payments could go through the end of August.

What about late payments for July?

Some families did not receive their July payment, as their 2020 tax returns were processed after June 28. However, eThe IRS will send it in parts during the remaining months, so from now on, families with children under the age of 6 will receive up to $ 360 per month and families with dependents ages 6-17 will receive up to $ 300.

As for families where parents have a Personal Taxpayer Identification Number (ITIN) and children qualify for having a Social Security number, The IRS sent the payment for the month and part of the payment for July on August 13 and will issue the missing money for July at the end of August.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.