Tuesday, September 28

Tax Credit

Child tax credit, Child tax credit 2021, DFP, IRS, Personal Finance, Personal Finance Insider, pfi, PFI GOBankingRates, PFI Related Content Module, PFI-XAMP, Tax Credit, Tax Credits, Taxes

An IRS snafu means millions of families who got the child tax credit auto-deposited in July will get paper checks this month instead

Another monthly child tax credit payment is on the way to about 36 million US families. Some 15% of families who got a direct deposit payment in July will receive a paper check in August. The IRS didn't explain why, but said the issue will be resolved by the next payment on September 15. Visit Personal Finance Insider for more stories. The Internal Revenue Service announced Friday that another child tax credit payment — the second of six monthly payments — is on the way to about 36 million families.However, due to an unspecified issue, the IRS said up to 15% of families who received the money in July by direct deposit will be getting a paper check this month...