Some households received a larger amount of money in the September Child Tax Credit deposit.
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Jemal Countess / Getty Images
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On Friday, October 15, the Internal Revenue Service (IRS) began sending the fourth of the six monthly payments of the Tax Credit for Children. Families will receive $ 300 for each child under the age of 6 and $ 250 for each child between the ages of 6 and 17.
October payments arrived to some 36 million taxpayers for a total of $ 15 billion. Most parents who receive direct deposit payment should have received the money in their accounts, but there have been reports that people have not been receiving the amount that is due to them.
System glitches and other IRS-related issues are causing late or missing payments, and these issues are causing you to some families receive different amounts than expected for your October Child Tax Credit payments.
According to the IRS, some households received a larger amount of money in the September deposit, and the IRS is correcting the problem by issuing lower payments to those households this month.
The origin of this error was a combination with the sending to households with two registered parents, as well as a technical failure.
Amounts received
The IRS says the extra amount it had included was on average $ 31.25 per child between the ages of 6 and 17 and $ 37.50 per child under the age of 6.
As the money is withdrawn from the last three checks, These households are likely to see a decrease of $ 10-13 per child in the remaining three monthly payments..
Other failures
On September 15, a large number of families also reported a delay in the deposit of the payment of the Child Tax Credit of September 15. The Internal Revenue Service (IRS) confirmed the flaw and promised to fix it.
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