Child Tax Credit Money Has Finally Arrived, But Families Say They Have Been Running Out and Ranting ‘It Makes No Sense’

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AMERICAN families complained that they ran out of cash on their child tax credit payments in September.

The installment, which had already been the subject of controversy for its eight-day delay, arrived for some families with hundreds of dollars less

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Some families missed hundreds of dollars in paying their child tax creditCredit: Getty

An Essex, New Mexico-based dad said his family’s payout was $ 300 less than it should be.

“We got $ 500. We should get $ 800,” Travis Mack, 46, told the Detroit Free Press.

Mr Mack said after waiting eight days to pay for groceries and other bills, he was happy to receive partial payment on Friday afternoon.

However, that only came to $ 250 for her two older children – aged seven and eight.

He had not received anything for his youngest child – aged four – who is expected to receive $ 300.

Mr Mack said his wife’s salary dropped from $ 2,000 to $ 2,500 a month once the pandemic struck last year and then she was forced to quit her job to send their children to school. at home.

“We managed to get out of it, but it has been straining us the whole time,” he said.

But the Macks aren’t alone – there were a significant number of Americans who didn’t receive their September payout as expected.

Shavaun Tringali, of Roseville, Michigan, explained that she too received the money late and $ 100 was missing.

The IRS did not give the exact number of families who received a deferred payment or give a reason.

Read our live blog on the Child Tax Credit for the latest news and updates …

The late payment has caused significant stress for some families with households without telephone service due to the late payment of their bills.

On September 17, the IRS said, “We are aware of instances where some people have yet to receive their September payments, despite receiving payments in July and August.”

“These individuals may not yet be able to receive a current status on the IRS.gov update portal.

“The IRS is currently reviewing this situation and we will share more information as soon as possible.”

Meanwhile, some taxpayers will have to pay back some of the money in tax season in 2022.

The IRS bases the monthly child tax credit amount on 2019 and 2020 tax returns.

If a household’s income increases, or if your child ages outside of an eligibility bracket, he may be forced to repay the money next year.

The easiest way to avoid having to repay the credit is to opt out, which means eligible taxpayers will receive all of the money owed in one installment in 2022.

All parents who wish to opt out of future payments must do so by October 4, or they will receive another payment on October 15.

This is an easy online solution since parents can use the unsubscribe feature on the Child Tax Credit Update Portal.

While last year’s tax season was extended due to the pandemic, next year is expected to end on April 15, 2022.

Find out if you qualify for the September Child Cash Tax Credit

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