Written By: Anushka
In 2024, the Child Tax Credit (CTC) might resume with $300 monthly payments starting mid-July.
The American Rescue Plan Act of 2021 increased the CTC to up to $3,600 per child and introduced monthly payments.
A proposed bill may restart the CTC in July 2024, with payments on the 15th of each month through December.
Expected payment dates: August 15, September 15, October 15, November 15, and December 15, 2024.
Eligibility includes filing a 2023 tax return, having a child under 18, and meeting income thresholds.
File your tax return, claim the credit, and provide necessary documents like proof of relationship and income.