Is There a New $300 Child Tax Credit in July 2024? Update

Learn about the misinformation on payment dates for a $300 monthly Child Tax Credit (CTC) supposedly starting on July 15th 2024. Discover the truth from and tips on current IRS tax credits, stimulus checks, and financial planning for families.

In today's update, you'll learn about the false claims surrounding a new $300 monthly Child Tax Credit starting in July 2024. We'll cover why this misinformation is spreading on social media, clarify the facts from the IRS and tax experts, and explain the real Child Tax Credit program from 2021. You’ll also discover the current tax credits available for families and get tips on financial planning and budgeting. This information is crucial for parents looking to understand their financial entitlements and avoid falling for false information. Get the facts straight and learn how to maximize your tax benefits effectively.

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#childtaxcredit
#CTC
#TaxCredit2024
#FinancialPlanning
#moneyinstructor
#financialeducation
#financialliteracy

Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.

[jslack]

It’s not on the IRS website so it’s not true. Also I called and they confirmed it’s not true and to use the website if you want to know 😊

[maryjenkins-jd]

I know a lot of people planning on that money today.

[AsianBeauty]

It's not true. Especially if it's not on the IRS WEBSITE 😂🤦🏽‍♀️

[deannapancake]

Well parents got the credit taken off their tax returns so if they’re doing the monthly payments, shouldn’t we get that money?!

[marcusmurray]

Everybody saying it’s not true it was supposed to be today

[macpac]

The confusion is also from when they were trying to pass raising the CTC this last tax filing and told ppl to go ahead and file and if it passed they would get the difference automatically. But it was never passed. I think thats also making it so believeable

[mwoz]

Irs not just social media I've been getting news articles about it on my phone

[mariewilliams]

Idk...but these days you can't depend on the government for anything.

[TheMajdeal]

Well me and my family haven't received a dollar so... I'm pretty sure we could all chalk this to the BS category.

[queenteetee]

Yes I heard for months we was getting it. All sudden on the website it’s not up and not true 🤦🏾‍♀️

[kethamorris]

Which states are receiving the payments

[BigolCockenhammer-ppsj]

So the IRS has my 2021 return saying 3500 x 3 for 10500.oo not 3600 x 2 3000 x 1 as 8 was pre approved 3 children ...that is what I paid my ex wife and at the time of filing this wasn't like this ...what should I do ? I have reported this to the or phonshong as my identity was stolen as well...

[elhadjialigbane]

Hi money instructor
I'm struggling with a financial situation, I need help for how to budget my expenses
Thank you

[tiffanyknight]

Google updates.its coming.July was invalid. Its gonna come August 15

[EthanJosiyah]

My cousin got some money n she in Rochester NY

[jeramybrenham]

Nothing happen Congress doing nothing to help

[teeceefitzgerald]

Someone informed Me about it asking to borrow money til it came thru glad I didnt have it to

[nicolebarnett]

U thought it was gone to come but I forget about the Democrats and Republicans never care my bad

[nicholr]

Yes its false advertising the senate didn't pass it or made any dission nor the IRS don't believe this im done

[rbncgbu]

Always verify if things are true or not 😂