Did you file an amended return?
good point! I did. It was just a small change that we made.
Unfortunately they're holding all CTC advances for unprocessed amended returns.
yikes! is there any eta then? FWIW I think my amended return is fully processed, we got the adjustment check over a month ago.
Only that "it'll take more than one month after your amended return is processed for CTC payments to commence".
Ah so we're already there then (technically). Guess I will be patient! Do you know if they will catch up when they start, or if the missed payments will be processed at the end of the year?Thanks so much for the info.
Any missed payments will be reconciled on the return- as of now there's no catchup system in place.
One thing I've learned over the last 15 months of stimulus and other programs is that the media rarely gets the numbers right. For that, you need to come to DDF.
Also potentially impacting job growth was the start of the Child Tax Credit, which sent up to $1,800 per child per month to about 36 million American families. Economists are still assessing the impact the payments have had on the labor market.
https://www.foxbusiness.com/economy/adp-employment-report-august-2021
Likely a typo. As it is total of $1800 per child.
This month, the IRS will authorize payments on September 15.
as opposed to?
The 13th.
Last month payment posted to my account on the 12th. This month it hasn't posted yet!
Got a crazy amount today. The deposit says TAXEIP. Any clue what that means and what the money is for?