San Francisco Tax Preparation / CPA: Third Batch of Advance Child Tax Credit Payment Released

Filed in CCH NEWS FEED by on October 29, 2021

The IRS has released the third batch of advance Child Tax Credit (CTC) payment for the month of September. Under the American Rescue Plan, most eligible families have received payments dated July 15 and August 13, along with the September 15 payment. Future payments have been scheduled for October 15, November 15 and December 15. Each advance CTC payment is up to $300 per month for each child under age 6 and up to $250 per month for each child ages 6 through 17.

Moreover, the IRS has urged families who normally aren’t required to file a tax return to explore the tools available on the IRS website to be considered automatically for the third round of Economic Impact Payments (EIPs) of up to $1,400 per person and to claim the Recovery Rebate Credit covering any of the first two rounds of EIPs they may have missed. Links to these tools, a step-by-step guide to using the Non-filer Sign-up Tool, answers to frequently asked questions and other helpful resources are available on the IRS’s special advance CTC 2021 page.