Where is my September child tax credit?
Some families who received child tax credit payments in July and August are still waiting for the September payment. Here’s what we know about the missing money.
WASHINGTON – The IRS began distributing the September child tax credit prepayment installment last week, but some families are still waiting for their money to arrive.
Payments are due on the 15th of each month, so September’s payment was supposed to arrive in bank accounts or mailed out to tens of millions of Americans last Wednesday.
On Friday, the IRS acknowledged there were issues with some of this month’s payments and is investigating it.
“We are aware of instances where some people have yet to receive their September payments, despite having received payments in July and August,” the IRS said in a statement.
To further complicate matters, the agency added that those who miss their September payments may not yet be able to see the current status on the online update portal.
“The IRS is currently reviewing this situation and we will share more information as soon as possible,” the agency said Friday.
This is the second month in a row that some families have had to wait longer than expected to receive their child tax credit payments. In August, the US Treasury Department said a “technical glitch” had forced some families who expected direct deposit to wait for a paper check in the mail. The IRS estimated that last month’s problem affected less than 15% of participants.
How do I track my child tax credit?
Anyone can visit the Child Tax Credit Update Portal to see if they are receiving a direct deposit or a paper check this month. However, the IRS said on September 17 that some who did not receive their September payment might not be able to see their current status.
How much are the child tax credits?
The credit is $ 3,600 per year for children under 6 and $ 3,000 for children 6 to 17 years old. Eligible families will receive $ 300 per month for each child under 6 and $ 250 per older child.
Who is eligible for child tax credits?
Benefits begin to disappear at incomes of $ 75,000 for individuals, $ 112,500 for heads of households and $ 150,000 for married couples. Families with incomes of no more than $ 200,000 for individuals and $ 400,000 for married couples can still receive the previous credit of $ 2,000.
When are the payments sent?
Payments go to tens of millions of Americans, so don’t be surprised if it takes a day or two to show up.
The Associated Press contributed to this report.