Advance Child Tax Credit

  • IRS Announces August Child Tax Credit Payments Now Being Issued

    The Internal Revenue Service says millions of families across the U.S. should see their advance payment of the Child Tax Credit (CTC) in their bank accounts or mailboxes any day now. This payment is the second in a series of advance monthly payments. The August payment goes out to some 36 million families and is…

  • Update Bank Info for Advance Child Tax Credit Payments on IRS.gov

    Monthly Advance Child Tax Credit payments are set to begin in two weeks. While it’s too late to change the bank account that will receive the July 15 payment, qualifying taxpayers can now use a tool on IRS.gov to update their information before the August payment is issued. The Internal Revenue Service announced a new feature for…

  • New Online Tools Help Families Manage Monthly CTC Payments

    The Internal Revenue Service has unveiled a pair of new tools to help families manage and monitor advance monthly payments of the Child Tax Credit, made possible by the American Rescue Plan. The new tools join the Non-Filer Sign-up Tool that helps families who aren’t normally required to file an income tax return to file…