The first CTC stimulus checks have already been delivered to millions of Americans last week- which will certainly help families tide over. It comes as no surprise as this advance cash payment is definitely quite a big relief financially for those families that have been in the preparation for food, child care, as well as back-to-school shopping.
But as of now, the families deemed eligible can only get half of the child tax credit refund through monthly payments till December. Parents will be receiving as much as $300 for every single dependent per month.
Unfortunately, several families that have been deemed eligible for the CTC stimulus checks haven’t yet received their payment. But fret not- for if the IRS has your banking information on their file, the money from the agency should be deposited directly in your account in a matter of a few days.
It has been reported that the rollout of the payment hasn’t been entirely smooth for there are those who haven’t even received their check yet. Quite a few families have found themselves with messages that claim that they aren’t eligible anymore. Several others might be eligible, but they are still waiting.
How Can I Check My CTC Stimulus Checks Payment History Online?
The best way to deal with the CTC stimulus checks issue would be to log into the online Update portal of the IRS where one would be able to see if their payments have been processed yet or not. In the event that you need to make a couple of changes regarding early payments, all one needs to do is let the portal update your mailing address, number of children, as well as your income.
Most of the households that haven’t yet unenrolled themselves from the advance payment should optimally see their 15th July portion arriving in their bank account. You should further expect recurring CTC Stimulus check payments to be delivered to your bank account on the 15th of every month except August.