How to Get Your Child Tax Credit Payment. Everything You Need to Know about it
Nov 18, 2023 By Triston Martin

If you have a child under the age of 16, then you may be eligible for this tax credit. Read on to learn more about how much money your family could receive and how to apply for it.

For many families with children under the age of 16, their child tax credit can help make life easier financially by reducing their taxable income.

If you are a single parent, it is still possible to take advantage of this tax credit as long as you are the custodial parent and care for your children regularly. This can be determined by providing proof that you provide more than 50% of their support.

A custodial parent has the right to sign the application for this tax credit, which allows you to apply for more money back at tax time up to a certain amount. However, some financial aid provided by your child's other parent may impact your eligibility for part or all of these benefits each year.

If you have custody of your child or children, you can apply for part or all of the tax credit at tax time.

The amount of the credit will depend on how many children you have and their ages. It is also based on your income level and how much you may owe in taxes for that year. For example, if you can afford to pay more than what is necessary for taxes, then you may be eligible for a larger credit.

If you are eligible for this tax credit, there are ways to increase the amount that your family receives for it each year.

One way to do so is by making more money at your job so that your income tax liability goes up.

You can also take advantage of the credit by getting married or adopting a child. Each family member who is added will increase the amount that you receive because it is based on the actual number of children that you have.

For example, if you have three children, then your tax credit payment could be almost twice as high compared to someone who only has one child.

To ensure that you are receiving all of the tax credits that your family is eligible for, you should do some research each year about how much money your family can receive in these benefits and what eligibility requirements there are for them.

Your financial advisor can be a great resource to assist with this process every year as you prepare to file your taxes each year with these benefits.

Below Is a List of Some of the Things That Counselors Have to Say About Tax Credits.

"Most families have a right to get the credits. But you have to have a job, and you have to sign up for them—and you can't get credits in benefits unless you claim them."

"If people don't know their rights, the system could very well be stacked against them," says Lorey. "If you don't claim it, then it goes away." (The Washington Post, July 19, 2013)

Properly claiming tax credits and rebates can be complicated because of all the numbers and codes. However, it does not have to be. Here is a step-by-step guide for you to follow to ensure that you are properly claiming these valuable tax credits in time for filing your taxes.

Start by getting all of the necessary forms from the IRS. (You can get these forms from the IRS website or the IRS office nearest your home.)

A good place to start is by calling them at 1-800-829-1040, and asking them where specifically you can get all of your forms that are required for filing taxes. You may also want to ask them if they have any other forms that you might need. They will give you more than just the forms that you need to get anyway.

For example, they will also help you to determine if you are eligible for some of the other benefits that are available if your income is low enough for them.

Take a look at all of these forms, and look through them carefully so that you can determine which one fits what you have been told is your particular situation.

For example: Do you or do not have any children that can qualify for this tax credit? It may be a form that shows how much money they could be eligible to receive each year, or it could be another form that shows the credits eligibility requirements and how much each person can receive on their own.

You will have to look through each form that you have in your hands and compare it to the information that they are giving you. Ask them any questions, and then take the time to read through each form thoroughly and document your answers.

Ask them if you can file taxes early, so that you can get these forms in by January 15th. This will give you plenty of time for filing your taxes before April 15th, when most of the deductions that apply all year long are also available on this date.

Fill out the forms that you have been provided with when you have time, make sure to get all of the necessary information, and submit it with your tax documents in early March. The sooner that you get these claims in, the better chance you will have of getting everything paid on time by April 15th.


The child tax credit is a valuable resource for families with children. If you are eligible, make sure to file your taxes as soon as possible to receive the benefit. Follow these steps to ensure that you get your payment as quickly as possible.