If you didn’t receive your child tax credit payment, it may be because the IRS needs more information from you. Find out why and what you can do about it.
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The Child Tax Credit is a tax credit that helps families with the costs of raising children. It is available to both US citizens and resident aliens who have qualifying children. The credit is worth up to $2,000 per child, depending on your income.
If you are expecting to receive the Child Tax Credit but have not received a payment, there are a few possible reasons why. In some cases, the IRS may have sent your payment to the wrong bank account. If this happens, you should contact the IRS and provide them with your correct bank information.
Another possible reason why you did not receive your Child Tax Credit payment is that you did not file your taxes on time. The IRS will only issue payments for the Child Tax Credit if your taxes are filed by the April deadline. If you missed the deadline, you can still file your taxes and receive a retroactive payment for the credit.
It’s also possible that you do not qualify for the Child Tax Credit because your income is too high. The credit begins to phase out at an income of $200,000 for single filers and $400,000 for joint filers. If your income exceeds these amounts, you will not be eligible for the credit.
If you think you should have received a payment but did not, contact the IRS to resolve the issue.
Overview of the Child Tax Credit
The Child Tax Credit is a tax credit worth up to $2,000 per qualifying child. The credit is refundable, meaning that if your tax liability is less than the amount of the credit, you can receive the difference as a refund.
To qualify for the Child Tax Credit, you must have at least one qualifying child who is younger than 17 and who meets certain other requirements. In addition, your income must be below certain thresholds. For single filers, the maximum income for the 2019 tax year is $200,000 (or $400,000 for married couples filing jointly).
If you think you should have received a payment but didn’t, there are a few possible reasons why:
-You didn’t have any qualifying children in 2019. To qualify for the Child Tax Credit, you must have at least one child who meets all of the following criteria:
-The child must be younger than 17 at the end of 2019.
-The child must be a U.S. citizen, national or resident alien.
-The child must live with you for more than half of 2019 (there are some exceptions for temporarily absent children).
If you had a qualifying child in 2018 but he or she turned 17 before December 31, 2019, you can still claim the credit on your 2019 taxes.
-Your income was too high to qualify. As noted earlier, to claim the Child Tax Credit your income must be below certain thresholds. For single filers in 2019, that threshold is $200,000 (or $400,000 for married couples filing jointly). If your income exceeds these amounts, you are not eligible for the credit — even if you have qualifying children.
-Your filing status wasn’t valid. To claim the Child Tax Credit, you must file taxes as either “single,” “head of household” or “married filing jointly.” If you file as “married filing separately” or “qualifying widow(er) with dependent child,” you are not eligible to claim this credit — even if you otherwise meet all of the requirements discussed above.
-You didn’t provide your Social Security number (SSN) on your tax return. This is perhaps the most common reason why taxpayers don’t receive their Child Tax Credit payments. Remember that to claim this credit (or any other federal tax credit), each qualifying child must have his or her own SSN — an Individual Taxpayer Identification Number (ITIN) won’t suffice. So if one of your qualifying children doesn’t have an SSN yet (perhaps because he or she was born near the end of 2019), this could explain why your payment was delayed or never arrived.
-You provided an incorrect bank account routing number when applying for direct deposit payments . This isn’t necessarily common — after all, most people use electronic filing software that typically includes built-in checks to ensure accuracy — but it can happen from time to time due to human error. If this is what happened in your case and your payment was sent to another bank account by mistake , unfortunately there’s not much you can do except wait and hope that the rightful owner deposits it into his or her own bank account so that it can eventually be returned to yours .
-You’re subject to recapture . The rules surrounding recapture are complicated , but essentially , if your income increased during the year and pushed you over certain thresholds , some or all of your CTC payments may need to be returned .
Reasons Why the Child Tax Credit Payment May Be Delayed
If you filed your taxes electronically and did not receive your child tax credit payment, there are a few reasons why this may be the case.
The most common reason for a delay in child tax credit payments is that the IRS needs more information from you in order to process your payment. The IRS will send you a notice if they need more information from you. If you do not receive a notice, you can check the status of your payment by calling the IRS at 1-800-829-1040.
It is also possible that your child tax credit payment was delayed because of errors on your tax return. The IRS will send you a notice if they find errors on your return, and they will explain how to correct the errors. You can also check the status of your payment by calling the IRS at 1-800-829-1040.
If you did not receive your child tax credit payment, you should contact the IRS as soon as possible to find out why.
How to Check the Status of Your Child Tax Credit Payment
If you filed your taxes and claimed the Child Tax Credit (CTC), you may be wondering when you’ll receive your payment. The IRS issues most CTC payments in July, but some taxpayers may have to wait until later in the year to receive their payment. Here’s how to check the status of your Child Tax Credit payment.
The first thing you should do is check your tax return to make sure that you actually claimed the Child Tax Credit. If you didn’t claim the credit on your return, you won’t receive a payment.
If you did claim the credit on your return, the next step is to check the status of your refund using the IRS “Where’s My Refund?” tool. This tool will tell you if your refund has been processed, and if so, when you can expect to receive your payment.
If you’re not receiving a refund (i.e. you owe money to the IRS), it’s possible that your CTC payment has been applied to any balance you owe. You can check the status of your balance using the “Where’s My Payment?” tool on the IRS website.
If you’re still not sure about the status of your CTC payment, you can contact the IRS directly at 1-800-829-1040.
If you are wondering why you didn’t get your child tax credit payment, there several potential explanations. The most likely reason is that your payment was delayed because you filed your taxes later in the season. Other potential causes could be that you didn’t meet the eligibility requirements or that there was an error in your tax return. If you are still unsure about why you didn’t receive your payment, you can contact the IRS for further help.