Child Tax Credit August 2024: Kathy Hochul Confirms $330 Per Child Payment

There are a lot of rumors going around the country about the amount of the child tax credit August 2024. Today Governor of New York Kathy Hochul announces the approximately $350 millions payments for Lower and moderate income families. The amount give to the us citizen under the Empire State Child Credit program on Tuesday, July 30, 2024. She also Confirms $330 Per Child Payment.

Kathy Hochul Confirms $330 Per Child Payment

On Tuesday press conference Hochul Confirms $330 Per Child Payment will directly given to the citizen, who are eligible for Child Tax Credit August 2024. She also confirms who are already eligible for the child tax credit scheme offered by the state are anticipated to show up in mailboxes by the end of August.

Also Read: IRS Tax Credit Schedule for 2024

This benefit is back to pre-2021 levels, while emergency laws related to the COVID-19 crisis during the two years had increased this benefit to $3,000 per child and $3,600 for children under the age of 6. All the important information related to the Child Tax Credit Eligibility Criteria 2024 is available on the official Internal Revenue Service (IRS) website www.irs.gov, where these payments can be confirmed.

Child Tax Credit Amount August 2024 – Know CTC Payment Date & Eligibility

Governor Kathy Hochul today announced the distribution of approximately $350 million in Empire State Child Credit payments to low and moderate-income families across New York State. This significant investment will provide crucial financial relief to families with children, helping to offset the rising costs of living.

The payments, which began arriving in the mailboxes of eligible families on Tuesday, July 30, 2024, will deliver an average of $330 per child. The Empire State Child Credit is a refundable tax credit designed to support struggling families and uplift children out of poverty.

“New York is committed to supporting our working families and ensuring that every child has the opportunity to thrive,” Governor Hochul said. “This child tax credit is a lifeline for countless families, helping to put food on the table, pay for childcare, and invest in their children’s future. I am proud of this program and its positive impact on our communities.”

CTC Amount August 2024

Post Title	Organizing Organization	Governing Body	Program Name	IRS CTC Payments 2024	Post Category	Official Website
Child Tax Credit Amount August 2024 – Know CTC Payment Date & Eligibility	Internal Revenue Service	Federal Government	Child Tax Credit	$2000 for Each Eligible Child	Finance	www.irs.gov

Child Tax Credit Eligibility Criteria 2024

Credits will be received only if the dependent child or children meet the following Child Tax Credit Eligibility Criteria 2024:

• The person is under 17 years of age by the end of the tax year.
• The person must be your child, stepchild, adopted child, brother or sister, half brother or sister, or a direct descendant of the above family members.
• The child must have lived in your home for more than six months.
• The child must not have contributed more than 50% of his or her own financial support.
• The child has not filed a tax return jointly with his or her partner, or has filed only for a refund of estimated tax payments.
• The child must be a US citizen, national, or resident alien.

Child Tax Credit Amount 2024

The exact Child Tax Credit Amount 2024 is not yet known as there is no official confirmation from the authorities. As per the initial plan, individuals with children below the age of 6 will be given $2000 and people with dependent children between the ages of 6 and 17 will be given $3000 annually. It is advisable to claim this tax credit as it can help reduce your tax burden and manage your financial situation better. To be eligible for this child tax credit amount make sure you meet all the necessary requirements and criteria. Usually, the payment is made only after you file your taxes.

Child Tax Credit Payment Dates 2024

Governor Kathy Hochul today announced the distribution $330 child tax credit payments to low and moderate-income families across New York State. The program aims to alleviate financial burdens for struggling families and support child well-being. This latest round of payments will be sent out starting in early August.

FAQs on Child Tax Credit Amount 2024