The Internal Revenue Service (IRS) offers assistance known as the Child Tax Credit (CTC). This benefit aims to provide financial support to families in the United States. To this end, the IRS has issued a notice regarding the 2024 tax year, confirming the $1,700 per child assistance through a one-time payment. Families must complete Form 1040 and meet the established requirements to qualify.
What this IRS child assistance is and the requirements to qualify
The IRS assistance known as the CTC was introduced as a tax reduction measure for families with children under 17 years old. This measure gained importance during COVID-19, significantly reducing child poverty in the United States. Currently, around 48 million people are receiving this assistance, according to reports.
To qualify for the benefit on the 2024 tax return and receive the Child Tax Credit in 2025, families must meet the following requirements:
- The child must be under 17 years old at the end of the tax year.
- The family relationship includes stepchildren, foster children, siblings, stepsiblings, half-siblings, or direct descendants (grandchildren or nieces/nephews).
- The child must not have contributed more than half of their own support.
- The child must live with the taxpayer for more than half the year.
- Correctly list the child as a dependent on the tax return.
- Be a U.S. citizen, national, or resident alien.
If these conditions are not met, you will not qualify for the Child Tax Credit (CTC) from the IRS.Internas.
Where to find the form to apply for child assistance
To apply for the refund and receive the one-time payment of $1,700, taxpayers must complete Form 1040-ES. This document must be submitted when filing the annual personal income tax return and can be found on the IRS website once it becomes available. If you want to stay informed about more news related to assistance and similar topics, don’t hesitate to visit the dedicated section of our digital newspaper.
