Families Now Receiving August Child Tax Credit (CTC) Payments
Millions of families are now receiving advance CTC payments for the month of August, as direct deposits begin posting in bank accounts and checks arrive in mailboxes. Most eligible families received the first payment on July 15, and payments will continue each month for the rest of 2021.
Approximately 15 percent of recipients who received direct deposits in July will receive the August payments by mail. IRS expects this issue to be resolved by the September payments. For those affected, no additional action is needed. Families can visit the Child Tax Credit Update Portal
to see if they’re receiving a direct deposit or paper check this month.
IRS is also correcting an issue regarding advance CTC payments for families where the parents have an Individual Taxpayer Identification Number (ITIN) and the qualifying children have a Social Security number. These families that did not receive a July payment are receiving a monthly payment in August, which also includes a portion of the July payment. They will receive the remainder of the July payment in late August. Learn more here