Eligibility for $300 Child Tax Credit in 2024

The Child Tax Credit (CTC) is an important government program that helps families pay for the costs of having children. Here’s the most up-to-date information on when you can expect to get these payments and who is eligible for them.

Starting Date

Starting July 15, 2024, the CTC monthly payments will help qualified families a lot with money. Families with kids younger than six will get $300 a month, for a total of $3,600 a year. Children from six to seventeen years old will pay $250 a month, or $3,000 a year.

The first payment is due around the middle of July, most likely on July 15. The date may be a little different, though. Families that qualify can lower their federal income tax by a certain amount for each child under the age of 17.

Plan for Making Monthly Payments

In 2024, the CTC payouts will be made every month, instead of all at once at tax time. This will provide consistent support. Every month on the 15th, payments will be sent out. When is the payment due? If the 15th is a holiday, it will be due on the next business day. The planned program is:

  • July 15
  • August 15
  • September 15
  • October 15
  • November 15
  • December 15

These payments help people with children pay less in income taxes. This benefit has been added to many times since it was first introduced in 1997.

Eligibility Criteria

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