Abilene, TX – Officials have reported that some payments will likely be delayed due to a technical glitch. More than $15 billion was distributed by the IRS for the child tax credit in August.
This month’s payments were sent to about 36 million families and covered approximately 61 million children, which is 1.6 million more than the first installment in July.
Qualifying families received up to $300 for each child 5 years old and younger and $250 per child ages 6 through 17.
Households that didn’t receive the July payment and are getting the first child tax credit this month will see even bigger amounts — up to $360 per child under 6 and up to $300 for every child between 6 and 17 years old.
Since their payment will be spread out over five months instead of six, those families can expect the higher figure for each installment.
Most households received the payment via direct deposit, but some who got theirs through that method last month can expect a paper check in the mail instead.
