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The first payment of the child tax credit arrived on 14 July and the second on 13 of August. The new payment will be sent this Wednesday 15 of September.
However, for some people with children the money has not arrived and it is most likely that the child tax credit will be sent through the mail .
How many stimulus checks are yet to arrive?
Still missing that four deposits arrive of the child tax credit as monthly payments are being sent through December.
In total, will be shipped up to $ 1, 100 dollars per child until the end of 2021 .
On this occasion there is no limit on the number of children who can opt for aid , which means that families with several members will not be at a disadvantage compared to smaller ones.
The rest of the support in 2022
In December the last monthly payment of the tax credit will be sent by the Internal Revenue Service (IRS). However, this does not mean that the aid will end, only that to receive the second part of the credit it will be necessary to claim the second part of the tax credit as a single sum after you file your tax return for 2021 .
If you are not yet receiving support or have decided not to receive monthly payments, then you can receive the credit as a lump sum . The total credit depends on the number of months that have been lost.
Can I cancel the payment of the tax credit in September?
In case your family is eligible to receive the deposits of the child tax credit program each month you have a deadline to stop receiving it.
However, if you do not want to receive payment this month, the deadline to apply ended on 30 of August.
In case you cancel your payment and want to receive it during the spring of 2022 You still have a deadline of October 4 , okay to the calendar dates that the IRS has published .
What to do to avoid receive monthly payments?
In case you have the right To receive the tax credit for children, you will automatically receive the payments but you can adjust your option using the Portal for Updating the Tax Credit for Children when logging in with your IRS username or with your ID.me account, if you don’t have one, you can create it right there.
Once you have accessed your profile, you just have to select “Disable advance payments” to switch to the single tax credit.
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