Real Reason Why Your Child Tax Credit Check is Smaller Than Expectations

By Hikaru Y On Oct 26, 2021

Last Friday, the fourth installment of the upgraded fraction of the child tax credit payments was made into millions of eligible families.

For many families, though, the amount they received was much less than expected.

According to the IRS, “many reasons” contribute to why taxpayers may have received varied amounts than in previous months.

One possible cause to this may as to that a spouse had changed their address or bank account while the other partner did not.

This could indicate that the other spouse’s portion of the payment is being sent to an old address or bank account and the IRS might have flagged such an account to deter fraud.

According to IRS, most times full payments are still delivered, notwithstanding, some payment receivers may receive less payment in September and October.

In instances where couples don’t possess a joint account or one partner has made new changes, split payment may occur.

If payment for a month is missed, the recipient will get compounded amounts for the month missed and other (coming) months.

For individuals who registered for the child tax credit in July, higher payments may be delivered to them in October or November.

Those who started earning payments in July got $300 for each child under the age of six while $250 was delivered to every child from six down to seventeen.

Currently, IRS CTC sign-up portals are closed, individuals who may want to register can still do that for this increased sum CTC payment at GetCTC.org.