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@Lunacasa21 Here are a couple of the most important parts of the article you linked to
However, this claim is incorrect. It appears to misrepresent a program from the American Rescue Plan, which provided advance child tax credit payments to parents, not children, from July to December 2021. No such program is scheduled to begin in July 2024, according to tax experts and the IRS.
President Joe Biden's proposed 2025 budget aims to reinstate the expanded child tax credit of 2021 and to allow families to receive their tax credits through monthly payments. However, this proposal is unlikely to pass in the Republican-controlled House.
The original program provided up to $300 per month for children under 6 and up to $250 per month for children aged 6 to 17, with payments directed to parents. The program ended in December 2021, and there is no indication of its revival.
2021 there
Look at the date on that it's from 2021
* this leads you to the IRS 2021 information
There are a number of fake news sites on google & yahoo giving out this false information .
https://www.njleg.state.nj.us/bill-search/2024/S1568/bill-text?f=S2000&n=1568_I1
Well, it was enacted in NJ... It's really up to the state not the IRS.
the link is NJ law. There apparently are no advance payments though. Under the propose Federal law the credit would have gone up to $3600 per qualifying child with $300 per child advance payments starting July 15th. Since the federal law hasn't been enacted there will be no advance payments starting 7/15.
@Moodyspider You are confusing a state credit in NJ with the federal child tax credit which has been the topic of this thread. This thread has been discussing the federal child tax credit---not a credit specific to just one state. NJ is not sending out monthly child tax credit payments. And....neither is the IRS sending out monthly child tax credit payments in 2024, since the bill that proposed those payments has not passed.
This New Jersey credit is also a PROPOSED BILL that has not been passed. We must be careful posting information that is not final and implying that it is final.
Dpwr or whatever it says up there will explain everything you need to know about the CTC.... It's all a scam, thank you and good day to everyone
Well, I wouldn't say it's all a scam. There are several websites wanting people to click on them so they post incomplete information about the CTC that was PROPOSED but not yet approved. This goes for the Federal and for NJ. Those sites may seem like a scam, I can see that.
I keep getting google notifications on my phone, nothing I’m even searching for, informing me of monthly payments etc. And it looks to be legitimate sites with links to irs.gov it’s very odd for it to have so many sites with misinformation! I’ve never had it give me notifications like that before that were incorrect which is why originally I believed it to be true. Apparently it is false.
That's 2021 not 2024
However, this claim is incorrect. It appears to misrepresent a program from the American Rescue Plan, which provided advance child tax credit payments to parents, not children, from July to December 2021. No such program is scheduled to begin in July 2024, according to tax experts and the IRS.
It appears to misrepresent a program from the American Rescue Plan, which provided advance child tax credit payments to parents, not children, from July to December 2021. No such program is scheduled to begin in July 2024, according to tax experts and the IRS.
Mis- information..... ITS ALL OVER GOOGLE
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