Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jul 15, 2024 2:12:57 PM

How Will I know if I qualify for the child tax credit?

Or how do I apply for them

0 3 9158
3 Replies
Level 15
Jul 15, 2024 3:33:07 PM

If you are eligible you get child care credit automatically from the program when you complete your tax return. 

Level 15
Jul 15, 2024 7:01:48 PM

Why do you say "them"? If you are looking for monthly advance payments of the child tax credit for 2024, there is no such thing. There is a bill in Congress that would have provided for monthly payments, but the bill has not been passed.

 

Level 15
Jul 16, 2024 6:41:38 AM

We are getting questions about 2024 monthly CTC payments, because there are some websites out there that are INCORRECTLY telling people to expect them.   Is that what you are asking about?

 

 

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 is a bill in Congress to enhance the child tax credit.  It has not passed.

 

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.

 

No one here knows if or when the proposed enhanced child tax credit bill will pass.  It has gone through the House  of Representatives and is now in the Senate—where 100 senators will decide whether to pass it.  It has not been passed or signed into law.    IF and when it passes, we do not know when they will make it effective or how it will be implemented.  They are still wrangling with it so we do not know what it will look like when they are done.  We do not know when or if they will put this to a vote.