If you’re wondering where your child tax credit is for the remainder of 2021, look no further.
The Tax Service (IRS) sent its fourth child tax credit on Oct.15, and the two payments for the remainder of this year will be on Nov.15 and Dec.15.
But what if you don’t get your child tax credit on time? Here’s what you need to know about receiving your payment and tracking your payments in the future.
If you haven’t received your child tax credit by direct deposit, it may be in the mail by the end of October. However, if you haven’t received a child tax credit payment in one of the other months, keep reading to find out what to do.
According to the IRS, the agency encountered a technical problem in September that caused 2% of eligible households to miss the September payment.
The affected households were mainly people who updated an address or bank details through the IRS Update Portal.
IRS said these payments have been released, but some families may have been overpaid. If your family falls into one of these categories, the October, November and December child tax credit payments you receive will be adjusted.
There are several reasons why you may not have received a child tax credit payment for 2021, even though the monthly child tax credit advances have started to be deposited into the bank accounts of the children. eligible families in July.
Here are some of the reasons, according to CNET:
- The IRS may not have a current mailing address or banking information on file.
- The U.S. Postal Service may delay delivery of a paper check
- Your direct deposit may still be being processed for direct deposit
- You have been the victim of tax identity theft and this problem is not yet resolved in the eyes of the IRS. (Note: If the issue doesn’t resolve this year, you’ll get the full amount owed to you in 2022, according to the IRS).
- Your 2020 tax return is still being processed
You can track your child tax credit by visiting the IRS website and by clicking on “Manage payments”.
This will take you to “Child Tax Credit Update Portal”, where you can check if you’ve signed up for prepayments, view your past payments, opt out of the child tax credit program, or update your mailing address and / or bank details.
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