WEST VIRGINIA (LOOTPRESS) – On September 15, 2021, many families expected to receive the third installment of the child tax credit payments which, since July, have seen regular mid-month distribution. However, despite consistent delivery for previous months, many families still have not received their payments for September.
Eligible recipients who have not received the most recent round of payments are voicing their frustrations with the distribution system, with many families experiencing bank overdrafts after having organized their finances for the month in conjunction the recurring payout.
The IRS released a statement on September 17th reporting a successful third round payout of $15 billion, but did acknowledge delayed payments for an unspecified number of recipients. Issues with the online portal system, which itself is meant to be a resource through which users can better understand the benefits for which they are eligible, were cited as a potential source of disruption in payout distribution. Those who have attempted to contact the IRS directly have reportedly experienced extended wait times.
The child tax credit program was approved by Congress as part of the American Rescue Plan, and is intended to provide emergency relief to families, with parents eligible to receive up to $300 per child for children ages 5 and under, and $250 per child for children ages 6-17.
Per the IRS website, the situation is being looked into and more information will be made available as it is obtained.