IRS CTC Monthly Payments Schedule 2024 – Check Payment Dates & Eligibility Criteria

By Amit Tiwari

Published on:

IRS CTC Monthly Payments Schedule 2024

The IRS Child Tax Credit helps eligible families with children by providing a refundable tax credit that can lower your tax bill or result in a refund.

While it doesn’t guarantee full financial security, it offers a tax benefit to support children’s increasing expenses.

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This article covers the payment schedule and eligibility criteria for IRS CTC Monthly Payments 2024. For the latest updates, visit the IRS official website at www.irs.gov.

IRS CTC Monthly Payments Schedule 2024

The Child Tax Credit (CTC) is a refundable tax benefit for those who have filed taxes in previous years. If the credit amount exceeds your tax liability, you may receive the excess as a refund.

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Payments for qualifying families are typically made on the 15th of each month, but it’s important to check the IRS CTC Monthly Payment Date 2024 for exact dates.

The CTC provides crucial financial support and stability for eligible children and their families. Payments vary based on your child’s age: families with children under six may receive $300 monthly, while those aged 6 to 17 may get $250 monthly.

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For updated eligibility and payment date details, visit www.irs.gov.

Eligibility Criteria For IRS CTC Monthly Payments

The IRS will give monthly payments to families who meet these criteria to get IRS CTC Monthly Payments in 2024:

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  1. You’ve filed federal income tax returns for 2023 or 2024.
  2. Your dependent is aged between 6 and 17 years.
  3. Your dependent is your foster child, stepchild, half-sibling, or legally recognized child.
  4. You’ve lived with your dependent for at least 6 months.
  5. You have a Social Security Number (SSN).

Payment Dates For IRS CTC Payments in 2024

The IRS sends out payments on the 15th of each month. Eligible families can check their payments using the Child Tax Credit portal on www.irs.gov.

For children under 6 years old, the monthly payment is $300, and for children aged 6 to 17 years, it’s $250.

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Here’s the payment schedule for 2024:

IRS CTC Monthly Payment Date 2024
Weekdays

15th June 2024
Saturday


15th July 2024
Monday

13th August 2024
Tuesday

15th September 2024
Friday

15th October 2024
Tuesday

15th November 2024
Friday

15th December 2024
Sunday

Application Process For IRS CTC Payments in 2024

Once you qualify for IRS CTC Monthly Payment Eligibility 2024, you can apply to receive benefits for your dependent child using these steps:

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  1. Visit the IRS official website at www.irs.gov.
  2. Click on “Sign in to your account” on the dashboard.
  3. Create your account by entering your details.
  4. Verify your IRS CTC Monthly Payment Eligibility 2024 by submitting necessary documents.
  5. Review the form for accuracy.
  6. Finally, submit your form and await processing.

Make sure to check the IRS CTC Payment Schedule for 2024 for payment dates.

IRS CTC Monthly Payments 2024: Fact Check

Fact Check: False

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Claim: IRS CTC Monthly Payment 2024

There are rumors circulating that the Internal Revenue Service (IRS) will provide $300 per month for children under 6 years old and $250 per month for children aged 6 to 17 years in 2024.

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This claim is false because it refers to the 2021 American Rescue Plan, which provided direct payments via direct deposit from July 2021 to December 2021. In that plan, the money was sent to parents, not directly to the children.

The IRS official website has not confirmed any such payments for 2024. Therefore, this claim is inaccurate.

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FAQs

What is the IRS CTC Monthly Payment?

It’s a refundable tax credit for families with children.

How much are the monthly payments?

$300 per child under 6, $250 per child aged 6-17.

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When are payments made?

On the 15th of each month.

What are the eligibility criteria?

Filed 2023 or 2024 tax returns, child aged 6-17, living together for at least 6 months, SSN required.

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Where can I track my payments?

Visit www.irs.gov and use the Child Tax Credit portal.

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Disclaimer- We are committed to fair and transparent journalism. Our Journalists verify all details before publishing any news. For any issues with our content, please contact us via email. 

Amit Tiwari

An up-and-coming tax attorney passionate about educating readers on tax planning and mitigation strategies. Amit's articles offer practical advice and actionable tips to help individuals and businesses navigate the intricacies of tax law with confidence


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