Second payment of the Child Tax Credit: IRS sends $ 15 billion to families in the United States



Second payment of the Child Tax Credit: IRS sends $ 15 billion to families in the United States

This Friday a greater number of households received the payment of the Child Tax Credit for the month of August. The Treasury Department and the Internal Revenue Service (IRS) revealed that the number increased by 1.6 million children over the August payment.

The IRS sent a total of $ 15 billion to families during the second round of payments what can arrive to the families of 61 million children who enjoy the federal tax credit program.

On July 15, the federal government began sending funds of up to $ 250 and $ 300 a month per child or dependent, however, about 15% of families who received direct deposit in July will receive a paper check in the mail to collect their August payment due to “a technical problem.”, as reported by the IRS.

Related: Caregiving Tax Credit: A Family With Two Children Under 13 Could Get An Extra Payment Of $ 8,000 From The IRS

Both the Treasury Department and the IRS expect that problem can be resolved during the next round of payments that will be issued on September 15.

Families can visit the Child Tax Credit Update Portal to see if they will receive their second payment through direct deposit or by paper check.

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