Child Tax Credit: September Payments Arriving In Parents' Bank Accounts
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The next advance Child Tax Credit payment will be sent out this week, with direct deposits arriving almost immediately and mailed checks taking a little longer.
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This is how the updated Child Tax Credit works, along with a few reasons why payments could be delayed, inaccurate, or come in a different form.
The IRS sent out the second round of Child Tax Credit payments Friday morning, and deposits are already showing up in parents' bank accounts.
The advance Child Tax Credit pays parents up to $300 per month per child to help with the cost of raising them.
The next advance Child Tax Credit payment will be sent out this week, and should arrive a couple days earlier than it did last month.
The next round of Child Tax Credit payments are due August 13, but some parents may prefer a lump-sum payment at tax time.
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