Child tax credit: What you need to know about the next payments

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(WJW) – The fourth child tax credit (CTC) payment was due to hit bank accounts yesterday.

Following that, there will be just two payments left.

For those who get checks by mail, the October payments could take up to a week to arrive.

Child tax credits expire at the end of this year.

They give eligible households who opted in up to 50% of the total credit they would get for their child on a tax return in six advance payments.

The Biden Administration hopes to renew the CTC through 2025.

It’s too late to un-enroll from the October payment, but families can still opt-out for the final two checks.

The opt-out deadline for the November payment is November 1. The opt-out deadline for the December payment is November 29.

Click here to opt-out.

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