Did we receive the child tax credit already?

[leeleecarter24]

Was the child tax credit received for this year already?

[xmasbaby0]

If you were eligible for the child tax credit on a 2023 tax return, it was shown on lines 19 and 28 of your Form 1040.  When you entered your child(ren)  under the age of 17 as a dependent and entered your income from working, it was added automatically.

ENHANCED CHILD TAX CREDIT BILL

There are currently a number of websites incorrectly saying that there will be advance child tax credit payments being issued in July 2024.  Sorry—-this is untrue.   There was a bill in Congress to enhance the child tax credit.  It has not passed.  The bill was voted down in the Senate on 8-1-2024,

There are no monthly advance child tax credit payments for 2024.   In tax year 2021 ONLY there were advance CTC payments sent from July 2021 to December 2021.  There were no such payments in 2022, 2023, and no such payments being sent for 2024.

As of now, the child tax credit for 2023 is still $2000, with a refundable “additional child tax credit “ amount of up to $1600.

Look at your 2023 Form 1040 to see the child-related credits you received

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

[rjs]

What year is "this year"?

There is no advance payment of the child tax credit for 2023 or 2024. You get the child tax credit on your tax return. For 2023 it's on Form 1040 lines 19 and 28. You will get the child tax credit for 2024 on your 2024 tax return.

There is false information circulating on social media saying that the IRS will be making monthly Child Tax Credit (CTC) payments starting July 15, 2024. That is false. There are no such payments.