IRS $300 CTC 2024: Updated Payment Dates & Eligibility

Written By: Anushka

$300 CTC Update

In 2024, the Child Tax Credit (CTC) might resume with $300 monthly payments starting mid-July.

CTC Transformation

The American Rescue Plan Act of 2021 increased the CTC to up to $3,600 per child and introduced monthly payments.

CTC 2024

A proposed bill may restart the CTC in July 2024, with payments on the 15th of each month through December.

Payment Dates

Expected payment dates: August 15, September 15, October 15, November 15, and December 15, 2024.

Eligibility

Eligibility includes filing a 2023 tax return, having a child under 18, and meeting income thresholds.

Claim Process

File your tax return, claim the credit, and provide necessary documents like proof of relationship and income.

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