Child Tax credit was launch in 1977, to helps the families to grow their childrens. The aim of the CTC program is to provide financial support to families. There is some changes bring in CTC through the American rescue plan. In 2024, Eligible families will get the payments of $ 1400 to $ 3600 per children.
To apply for the child tax credit program, you should know about these changes and meet your eligibility. It is come to know that in 2021, the government has increased the amount from $ 1400 to $ 3600 per children for under age 6 years old. The children between the age group of 6 to 17 years old will be eligible to get $3000. In this way, the whole credit is refundable to beneficiaries. Before 2021, the CTC amount was $2000 per child, and out of it, $1400 was a refundable amount. In 2022, the American government has make changes in it to helps families to deal with inflation rate and meets the essential needs of their children.
$1,400 Person & $3,600 CTC Payment 2024
Millions of Americans suffer from the pandemic conditions and high inflation rate, especially those have the low income. As the Americans are financially struggled to meet their essential needs, so the USA government has decide to provide the financial support to eligible families.
CTC, child tax credit program is the government support that give the payments to families, to helps them to grow their children. The CTC payments will range from $1400 to $3600 per child. The payments will sent to the citizens bank account, whose eligibility criteria is met. To become eligible for the CTC payments, the applicants need to meet the age criteria and income limits. These payments will released by the government directly into beneficiaries’ accounts and help them reduce their financial burden. Moreover, $1400 and $3600 CTC payments will balance the resident’s life and improve their living standards.
CTC $1400/Person & $3600 Payments Overview
CTC program has been established in 1997 to give the financial support to families to grow their childrens. Due to the pandemic conditions and inflation rate, the government decide to pay some amounts to beneficiaries, so they can meet their essential needs and live stress life.
| Organization | Internal Revenue Service |
| Program Name | Child Tax Credit |
| Country | USA |
| Amount | $1,400 + $3,600 |
| Payment Date | To be announced |
| Official Website | https://www.irs.gov/ |
The exact amount before 2021 provide to eligible children is $2000, and $1400 amount was refundable. After 2021, the eligible children under 6 years old age will get $3600 amount, and children of 6 to 17 years will get the amount of $3000
Eligibility for CTC $1400/Person & $3600 Payment
- You should be live in the USA and taxpayer to become eligible for these CTC payments
- The applicant must submit their previous year tax returns before the last date
- The dependent children of less than 17 years old age must submit proof of legal relationship with the applicant
- Both children and applicant must live together for 6 months minimum to become eligible for these payments
- everyone who wants to get CTC payments must have a social security number
Income Criteria for CTC Payments 2024
There is an income limit that you should fulfill to become eligible for CTC Payments
- Single filers income should not be more than $75,000
- Joint filers income should not be more than $150,000
- The income of the Households head should not less than $112,500
$1400 & $3600/Children CTC Payments amount
IRS has released the payment amount structure for CTC payments. The payments amount are vary according to age of children. In 2021, the children of under age 6 year old are eligible to get $3600 payments. Children of age 6 to 17 year old will eligible to receive the $300 amount from authorities. In this case, the complete amount is refundable to authorities.
In 2024, the amount of CTC payments of $1900 given to chidrens, on basis of inflation rate. In 2025, it is expected that the amount will be further adjusted and reach $2000 per children
How to Get $1,400/Person & $3,600 CTC Payment
Citizens should follow the given steps to apply for the CTC $1400 & $3600 payments
- Visit the IRS website, https://www.irs.gov/
- Now, click on the ” Apply Now” option on the dashboard of the website
- Fill in your essential details, include date of birth and bank details
- Upload your documents, include ID proof and residency proof
- Cross-check your details in the application form and submit it
$1,400 & $3,600/Person CTC Payment In August 2024
According to the research, the official confirmation regarding CTC payments in August has not made by authority. The entire information is remains untrue till the authority confirmed it. It is suggested to USA citizens to stay away from fake rumors, and don’t waste your time. It is suggested to them to stay connected with the official IRS website to get latest details regarding CTC payments.
