Then we suggest using CNET's child tax credit calculator to see how much you should be receiving based on your income and the ages of your dependents. First, you'll want to quickly verify your eligibility through the Eligibility Assistant. There are several reasons why families are reporting wrong payment amounts. Why your child tax credit payment amount was inaccurate It may be time to file a payment trace with the IRS You can't find any reason why you didn't get a payment
Your bank info or mailing address is wrongĬhange your details in the Update Portal now Reenroll through the Update Portal (not available yet) You unenrolled from advance monthly payments Give it time to arrive, as it could take weeks You didn't file a 2019 or 2020 tax return Reasons you haven't received a child tax credit payment The option to reenroll was supposed to be made available this fall, but the IRS hasn't allowed it yet. If that's the case, your family will receive the credit when you file your taxes in 2022.
The households affected should have received their payments in subsequent weeks, according to the IRS.
First, double-check the IRS Update Portal to make sure your information is correct and make any changes before the next deadline: Nov. However, there are a few steps to take before the next check comes. It's not easy to get in touch with the IRS for help. Or it could be that USPS mail slowdowns are delaying printed checks coming by mail. It also may be that the IRS doesn't know you're eligible.
If that's you, it could be due to inaccurate or outdated information on your 2020 tax return. But some eligible families are still waiting on checks from prior months or haven't received money at all this year. Millions of eligible parents have received five child tax credit payments now - paper checks are coming in the mail for some who didn't get a direct deposit this month.
Incorrect payments might be due to outdated IRS information.