Families will soon receive their December advance Child Tax Credit payment
IRS announced that millions of American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did not receive advance payments can claim the Child Tax Credit on their 2021 federal tax return to receive missed payments and the other half of the credit.
IRS: Families now receiving August Child Tax Credit payments; still time for low-income families to sign up
It's not too late for low-income families to sign up for advance CTC payments. The IRS urged anyone who normally isn't required to file a tax return to explore the tools available on IRS.gov.
Families receiving monthly Child Tax Credit payments can now update their direct deposit information
The Internal Revenue Service upgraded a key online tool to enable families to quickly and easily update their bank account information so they can receive their monthly Child Tax Credit payment.
The bank account update feature was added to the Child Tax Credit Update Portal, available only on IRS.gov.