Child tax credit pending reddit Just be prepared for the IRS to not believe you when you try and claim your child tax credits. Switched to pending in Sept. Just spent 3 hours and 9 minutes on hold to speak with someone. WTF is going on. I have the child tax credit. Still no processed payments, but please don't lost hope. Let's say you make $50,000. Posted by u/MixRealistic8678 - 1 vote and 10 comments Just wondering for those of us who went Pending all of a sudden in September but got July and August payment just fine, did any one have to claim… I talked to my tax person an she said that the amendment shouldn’t affect getting the child tax credit. A community to discuss the upcoming Advanced Child tax credit. Transcripts show : 570 - additional account action pending 03/04 $0. If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), your golden "should get it by" date is February 27: This part was helpful. File your 2020 tax return. They don't 'owe' the money to you until you do your taxes next year. I check WMF every day like twice a day. TT has my return being submitted 1-22-24 which is crazy since IRS states not accepting till 1-29-24. Jul 15, 2021 · We are in the same situation. The answer should be no. No amendment. It was taxable. You have up to $3,600 ($3,000 if you kid is 6 to 17) in tax credits for each qualifying child. Mine says pending too. I received my tax refund in May and I haven't amended anything. true. 00. Jan 21, 2025 · The Child Tax Credit helps families with qualifying children get a tax break. Crypto Received July and Aug. Despite my numerous attempts to contact the IRS, I consistently received the same response, assuring me that nothing was awry and that the issue would resolve itself once the path act is lifted. Tuesday morning, I spoke with someone at the child tax credit line and was told it was a glitch in the system and I would see it update on Wednesday. 3. Received the credit in July and August and this month, my eligibility changed to pending. 2020 is still not processed, but 2019 taxes should be sufficient? Business, Economics, and Finance. All of it is coming out of your taxes. It’s the night of 2/14 and i still have not gotten the deposit. Accepted email from TurboTax came 2/10. The payment will start in July or the month after your 2020 tax return is processed, whichever is later. 35 votes, 79 comments. Even though you did not receive the Child Tax Credit based on your 2019 tax return, you may receive advance Child Tax Credit payments based on the number of qualifying children allowed on your 2020 tax return. So i dont know if thats considered “not processed” or not but regardless they should be able to see my dependents on there regardless. I have no proof that the amended return is holding up our child tax credit eligibility, but that is my guess. If you already can get the full child tax credit due to sufficient income, then the bill won't affect your 2023 additional child tax credit. Tried updating payment to mail/check and nothing has changed. Where's my refund still says Return Received and nothing else. " I was pending since June due to an amended tax return from 3/26. thought it was going to be at least one day early. I've also just given up hope at this point. I believe there will be mass updates coming up. 00 for T1098 (college). We’ve helped 2,000+ growing companies claim over $100M through federal and state tax credits. It's not the child tax credit, but the Additional Child Tax Credit -- that is, the refundable part. The payment will be up to $300 per month for each qualifying child under age 6 and up to $250 per month for each qualifying child ages 6 to 17. 00 and code 971 - Notice issued 3/11 $0. now im afraid the deposit won’t come on the 15th either. Another way of looking at it is by viewing the point of greatest impact on a person's life, it's most likely near the beginning (as a child) where the trajectory of someone's success and positive actions can set in motion by making small positive adjustments (in theory). 4K subscribers in the ChildTaxCredit community. Will the IRS send me a letter of my advance Child Tax Credit payments to help me claim the co A11. "A7. But I think OP is asking has anyone else that claimed the EITC gotten their refund yet. Jul 4, 2021 · im listed as pending. i moved from a serving job where i got tips, to a hourly position in sales so i went from cash every night to now 3 weeks and i haven’t seen my first paycheck so this refund would be a savior I'm still waiting. So no back pay, no interest, nada just like the stimlus payments. I have a small business and am married filing jointly for context. Who qualifies. The CTC isn’t free money. The IRS will issue advance Child Tax Credit payments on July 15, August 13, September 15, October 15, November 15 and December 15. You had taxes withheld because you make enough money that the IRS wants some of it. Didn’t receive anything yesterday and was pending in portal so I called to find out… Yes im in the pending zone right now. They will see you are eligible and just assume you got the advanced child tax credits. Let's also say your tax liability for the year without the CTC is $5,000. && she also said that if it says pending eligibility to ignore that && if it says that they mailed a check then you should getting it even tho it says your eligibility is pending. Posted by u/Blurby-Blurbyblurb - 3 votes and 24 comments The child tax credit is aimed at improving living conditions for children. Jul 19, 2021 · Q A11. . Yes. There is a proposed bill that changes the refundable portion of the child tax credit for 2023. You may be able to claim the credit even if you don't normally file a tax return. Me too. Not sure what any of this means or why my refund is delayed as this has never happened to me before. Understanding tax credits is our full-time job, so it doesn’t have to be yours. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Using your payroll and accounting data, we’re able to identify and qualify you for thousands of dollars in tax credits in an instant. I opted for direct deposit. We filed an amended return on 4/29 (prompted by TurboTax) and our eligibility for the child tax credit is currently pending. Last year i got through as an early batch and got my money Feb 22 before the child tax credit drop end of February. it only affects you if you are currently not able to get the full child tax credit. These payments represent half of that credit. It's just an advance on tax credits, smiliar to the stimlus payments. . I finally updated to an 846 code on 9/24 for a refund date of 10/1 and that same day I went from pending to eligible. It's always at the midnight hour when He turns it around. You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States. I’ve called 3x and this is what happened everytime It isn't money the IRS 'owes' you in the same sense of your tax refund. In January 2022, the IRS will send you Letter 6419 to provide the total amount of advance Child Tax Credit payments that were disbursed to you during 2021. Heres the breakdown: We had 3,510 in withholdings 5,980 earned income credit 5,400 CTC for 2 children (a few payments recieved for only one child A missed 1,400 stimulus for one child we had in March 2021 And 916. my 2020 return was processed but then went under review. So after calling the IRS and CTC hotline trying to get the best answers and having them all coming out different, I am sad to report that my status is STILL pending and the only advice I keep getting is to keep checking the portal for a status updatebasically that I have to file for the CTC credit on the tax return for 2021 of it doesn't change back to eligibility!!! And don’t even waste time calling the irs, they transfer you to the advance child tax credit department, and they are not allowed to look up any information on your account, they can only provide you general information (same stuff on their site) so not worth the hour hold time. It is worth noting that I have consistently claimed the Earned Income Credit (EIC) and Child Tax Credit (CTC) for my two children since their birth. Anything you get now, you won’t get with your tax return next April. Filed with TurboTax 2/8. zlcie myxne xoxonz ixpiz fsahy wkrru jyc rfvyol yxi olap swtrn dzvesqg vwx mzqnj lypihm