Child Tax Credit Payments Sent to 14 States in 2024

by

in

The Child Tax Credit program was expanded in 2021 to provide additional financial support to families with children. As part of this expansion, the IRS is now sending monthly payments to eligible families to help them cover the costs of raising children.

In 2024, 14 states have opted to send Child Tax Credit payments directly to eligible families. These states include California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, Minnesota, New Jersey, New York, North Carolina, Oregon, Vermont, Washington, and Wisconsin.

Families in these states who are eligible for the Child Tax Credit will receive monthly payments of up to $300 per child under the age of 6 and up to $250 per child ages 6 to 17. The amount of the payment depends on the family’s income and the age of the children.

The purpose of these payments is to help families cover the costs of childcare, healthcare, education, and other expenses related to raising children. By providing monthly payments, the program aims to give families more flexibility and financial stability while also reducing child poverty rates.

To be eligible for the Child Tax Credit payments, families must meet certain income requirements and have a Social Security number for each child. Additionally, families must file a tax return for 2023 to receive the payments.

If you live in one of the 14 states mentioned and have children, it’s important to determine if you are eligible for the Child Tax Credit payments. You can use the IRS’s Child Tax Credit eligibility tool to check your eligibility and estimate the amount of the payments you may receive.

It’s also important to stay informed about the Child Tax Credit program and any changes that may affect your eligibility or payments. The IRS regularly updates its website with information about the program, including eligibility requirements, payment amounts, and how to manage your payments.

If you are eligible for the Child Tax Credit payments, be sure to take advantage of this support to help cover the costs of raising your children. These payments can make a significant difference in your family’s financial well-being and provide much-needed assistance in meeting the needs of your children.

Overall, the expansion of the Child Tax Credit program and the introduction of monthly payments in 14 states in 2024 is a positive step towards supporting families with children. By providing this financial assistance, these states are helping to reduce child poverty and improve the lives of families across the country.