$1400 Per Person And $3600 CTC Payment Coming On This Date

The CTC in the US is the financial support for tax return filers, as it can reduce taxpayer tax liability. The $1,400/P & $3,600/Yr CTC Payment for December 2024 is being rolled out. As 2024 is going to conclude, taxpayers expect high CTC payments. 

The $1400 Per person CTC and the $3600 Per Year CTC payments are rumored or past payments. In 2021, at the COVID Time, the IRS expanded the CTC to $3600 per child who is under the age of 6 years, and before 2021, the ACTC was around $1400 per child. 

Now, this same expanded CTC is expected for 2024. But this speculation is uncertain and has no reliability. The CTC can lower the financial tax burden of taxpayers in the US, but this amount for the CTC in December 2024 is not reliable.

$1,400/P & $3,600/Yr CTC Payment December 2024

This $1,400/P & $3,600/Yr CTC Payment in December 2024 aimed to provide enhanced or expanded financial relief to taxpayers who have qualified children. In 2024, the CTC was set at $2000 per child, and $1700 is the refundable part. However, these $1400 and $3600 are not reliable amounts for 2024 and even 2025. 

The IRS has also issued the 2025 CTC amounts. However, these 2025 amounts also do not include $1400 and $3600. As per the past updates, the $3600 CTC was seen in 2021, and $1400 ACTC was seen before 2021. Now, the expansion of CTC to $3600 and $1400 lacks credibility. 

The Child Tax Credit for 2024 is $2000 per child, and ACTC in 2024 is $1700 per child. This $1400 and $3600 is the rumored update, which is uncertain, and we will never know when this will get approval.

Eligibility Criteria

To qualify for the CTC in 2024 and 2025, families must meet specific income thresholds:

• $200,000 for single filers or heads of household.
• $400,000 for married couples filing jointly.

The credit begins to phase out by $50 for every $1,000 over these thresholds until it is completely eliminated.