Child Tax Credit: November Payments Arriving In Parents' Bank Accounts
The fifth round of advance Child Tax Credit payments went out Monday morning, and parents are already seeing the extra money in their bank accounts.
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The fifth round of advance Child Tax Credit payments went out Monday morning, and parents are already seeing the extra money in their bank accounts.
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The next Child Tax Credit payment is due October 15, but some parents may prefer a lump-sum payment at tax time.
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This is how the updated Child Tax Credit works, along with a few reasons why payments could be delayed, inaccurate, or come in a different form.
The IRS sent out the second round of Child Tax Credit payments Friday morning, and deposits are already showing up in parents' bank accounts.
The advance Child Tax Credit pays parents up to $300 per month per child to help with the cost of raising them.
The next advance Child Tax Credit payment will be sent out this week, and should arrive a couple days earlier than it did last month.
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