IRS CTC Monthly Payments 2024 – Schedule, Payout Dates, and Eligibility

Monthly Payments

CTC is a refundable tax credit, thus it can reduce or refund your tax liability. The 2024 CTC is distributed by advance monthly payments, with a greater credit on your tax return the following year. This program provides qualifying families with regular funding.

Payment Schedule

– August 15, 2024 – September 15, 2024 – October 15, 2024 – November 15, 2024 – December 15, 2024

Eligibility

To earn IRS CTC monthly payments in 2024, you must meet multiple requirements: Checked income and other facts on 2023 tax return. End 2024 with a minor under 18. US or resident alien. Verify your SSN.

Receiving Payments

IRS CTC Monthly Payments are easy to get if you qualify. The IRS will automatically deposit funds into your most recent tax return bank account. Make sure your 2023 tax return and direct deposit bank account information are correct.

Important Details

The IRS CTC Monthly Payments advance your whole CTC claim for the next year. You may receive a tax credit based on your income and number of qualified children.

Important Details 2

IRS Letter 6419 arrives after payments begin. This letter lists your annual CTC payments. Use your online account credentials to access your payment record on the IRS portal.

Also See

Maximizing Social Security at 62: Know Benefits & More Details