Families across the United States are seeing a welcome financial boost as a new round of $2,400 Child Tax Credit (CTC) payments begins to hit bank accounts this week. This enhanced credit, part of expanded federal support for families, is aimed at easing the burden of rising living costs. Eligible parents are encouraged to check their payment status and confirm bank details to ensure timely deposits.
Who Qualifies for the $2,400 Boost?
To be eligible for the $2,400 Child Tax Credit payment, families must have dependent children under the age of 17 and meet specific income thresholds. Typically, the full amount is available to individuals earning up to $75,000, heads of household earning up to $112,500, and married couples filing jointly earning up to $150,000. The credit amount is phased out gradually for those earning above these thresholds.
When Will the Payments Arrive?
The IRS has confirmed that payments will begin depositing during the third week of June 2025. Most direct deposits are expected to clear between June 24 and June 28. Those receiving paper checks may see slight delays, typically receiving funds by the end of the month. To track your payment, families can use the IRS “Get My Payment” tool through their online account portal.
| Payment Method | Expected Arrival | Details |
|---|---|---|
| Direct Deposit | June 24–28, 2025 | Fastest method for most families |
| Paper Check | June 28–July 2, 2025 | Add 3–5 business days for mailing |
| IRS Online Status Tool | Available Now | Requires SSN and login |
How to Confirm or Update Your Information
To ensure you receive the payment without issues, it’s crucial to verify your personal and banking information. You can log into your IRS account online and review or update direct deposit details, mailing address, and dependent status. If there are recent changes in your family—such as the birth of a child—updating this information can impact your eligibility and amount received.
What to Do If You Don’t Receive It
If you don’t see the deposit by early July, first verify your eligibility and account information. Then, check your IRS account to confirm whether a payment was issued. If you find no record of issuance or if your payment is delayed, you can contact the IRS helpline or submit a payment trace request. Often, issues are caused by outdated bank information or filing status errors.
The $2,400 Child Tax Credit boost is a timely financial relief for millions of families managing household expenses. With payments already landing in bank accounts, eligible parents should verify their details to avoid delays. Whether you’re receiving funds by direct deposit or paper check, make sure your IRS records are accurate. Every dollar counts—and this credit could make a meaningful difference this summer.
FAQ’s:
1. Do I have to apply separately for the Child Tax Credit payment?
No, if you’ve filed your 2024 tax return and claimed your dependents, the IRS processes the payment automatically.
2. What happens if I didn’t file my taxes yet?
You must file your tax return to qualify. Filing as soon as possible ensures you don’t miss out.
3. Can I get this payment if I had a baby recently?
Yes, but you’ll need to update your dependent information with the IRS through an amended return or portal update.
4. Will the payment affect my other benefits?
No, the Child Tax Credit is not considered taxable income and does not reduce SNAP or housing benefits.
5. What if my bank account was closed?
The payment will be returned to the IRS, and a paper check may be issued instead. Update your info quickly.