The Child Tax Credit payment issued by the Internal Revenue Service (IRS) experienced some delays this month. The eligible beneficiaries expected that the money would be deposited directly to their bank accounts on September 15. Still, there have been numerous reports saying the cash has not come through yet.
This is the first time that some recipients have experienced a delay. Accordingly, the first two payments in July and August were paid on time. The IRS did not have any reason for the delay, but they released a statement saying it looked into the issue.
The statement said, “This week, the IRS successfully delivered a third monthly round of approximately 35 million child tax credits with a total value of about 15 billion dollars. We are aware of instances where some individuals have not yet received their September payments, although they received payments in July and August. These individuals may not yet be able to receive a current status on the IRS.gov Update Portal. The IRS is currently looking into this situation, and we will share more information as soon as possible.”
The only assurance for those who are eligible is that they will get payments from September through December if they received payments for July and August, whether through direct deposit or through a check. There is, however, no specific date as to when the money will arrive.
For now, eligible families expecting payment are asked to check the IRS website and social media for the latest updates.