THE third child tax credit is to be sent out to millions of American families on September 15.
So far the IRS has sent out more than $30 billion in payments in the months of July and August with the majority of those being direct deposits.
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Those who qualify for the payments are due to receive three more payments after the September installment.
In 2021, the IRS will send out half of what each American qualifies for as six-monthly payments.
The rest will be sent in 2022 to each family after they file their taxes.
While last year's tax season was extended due to the pandemic, next year is likely to end on April 15, 2022.
The next payment dates after September are October 15, November 15, and December 15.
The monthly payments can be managed with the IRS' online portal where you can check the status of each installment.
To ensure you don't miss out on a payment, keep an eye on the deadlines for each month.
If you miss this deadline your payment will be sent to the details you have provided on the IRS portal.
Next month, the deadline to check your personal details, or if you want to opt out, is October 4.
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Deadlines are usually about two weeks ahead of the payment dates so if you miss one deadline your changes will come into effect in the next round.
Some Americans may choose to opt out of receiving payments this year and push them forward to next year.
To ensure you receive next year's payments, be sure to keep a letter that will be sent to you by the IRS called Letter 6419 as you will need this when you file your tax return.
Meanwhile, undocumented immigrants have started receiving the $300 child tax credit payments for the first time.
Previously families with mixed-migration status were shut out of the program, but undocumented parents with children who are US citizens can now apply for this benefit.
While the child tax credit was expanded this year to include families with no income and undocumented parents with children who have Social Security numbers, the IRS said an "issue" caused families with parents who have an Individual Taxpayer Identification Number (ITIN) to not receive the first July payment.
Those families were supposed to get both the July and August payments last month.
Last week payments totaling $575million started being sent to as many as 1.2million mixed-status families, as reported by The 19th News.
While some mixed-status families have already reported they have received these payments, many also said that while they fill all the eligibility conditions, they were marked ineligible without being given a reason.
Families can use the IRS child tax credit portal to sign up, manage their monthly payments, and opt-out.
Moreover, aside from the child tax credit, there are other ways Americans can receive government aid during the pandemic.
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