I have a 2 year old and a current 7 month old who was born on December 19th 2020. I claimed both kids on my taxes this year but only received 300 for my child tax credit last week. Shouldn't I have received 600 for both kids? When I called IRS they were uncertain of an answer.
This is a brand new system thrown together by the IRS after Congress changed tax laws in the middle of the tax season. There are going to be bugs, glitches and mistakes made and folks will unfortunately have to be patient until they sort it out.
If you do not receive the monthly payments you will be able to get the CTC on your 2021 tax return.