Good news for parents! A $1,500 Child Stimulus payment is available in February 2025, and millions of families may qualify. This payment is part of the Child Tax Credit (CTC), designed to help families with the rising cost of raising children. If you have kids under 17, you could be eligible for this refund—even if you don’t owe any taxes!
So, how do you claim it? And when will you get your money? Here’s everything you need to know.
Who Qualifies for the $1,500 Payment?
To receive this stimulus, your child must:
Be a U.S. citizen, national, or resident alien
Be your direct relative (biological child, stepchild, foster child, sibling, or grandchild)
Live with you for at least six months in 2024
Be financially dependent on you
Additionally, your household income should be below certain limits:
🔹 Single filers: Under $200,000
🔹 Married couples filing jointly: Under $400,000
If your income is higher, you may still qualify for a reduced credit.
How to Claim Your Child Stimulus Payment
Claiming your $1,500 per child is simple, but you need to file your 2024 tax return. Here’s what you need to do:
File Your Taxes – Submit your tax return for 2024 by April 15, 2025. You can file electronically for a faster refund.
Include Schedule 8812 – This form helps calculate your Child Tax Credit and ensures you get the correct refund amount.
Choose Direct Deposit – This is the fastest way to receive your money.
If you qualify for the Additional Child Tax Credit (ACTC), you may get up to $1,700 per child refunded, even if you don’t owe any taxes!
When Will You Get Paid?
The IRS usually issues refunds within 21 days if you file electronically and select direct deposit. However, refunds that include the Additional Child Tax Credit (ACTC) may be delayed until mid-February.
Don’t Wait – File Early!
To get your money as soon as possible, make sure your tax return is complete and accurate. Missing information or mistakes can slow down your refund.
This Child Tax Credit is a crucial financial boost for families, so don’t miss out! File your taxes, claim your payment, and get the money you’re entitled to.
For more information, visit the IRS website or consult a tax professional.
