Child Tax Credit Payments in 2024: Find Out if Your State is Among the 10 Distributing

As the 2024 tax season commences tomorrow, individuals may be exploring available tax credits.
0

As the 2024 tax season commences tomorrow, individuals may be exploring available tax credits. 

While the federal child tax credit, offering up to $2,000 per child, is well-known, there’s a possibility of qualifying for additional child tax credit funds from your state.

Furthermore, legislative efforts are underway to reintroduce the expanded child tax credit, aiming to raise the refundable amount by $200 per child. 

Congress aims to finalize a plan before the start of tax season, and updates will be provided as developments unfold.

Check below to see if you reside in one of the 10 states providing extra child tax credit relief, along with eligibility criteria for your state. 

For additional tax-related information, learn how to track a paper refund by mail and explore options for filing your taxes for free.

States Providing Child Tax Credit Checks in 2024

Child-Tax-Credit Payments-In-2024-Find-Out–If-Your-State-Is-Among-The-10-Distributing
As the 2024 tax season commences tomorrow, individuals may be exploring available tax credits.

In 2024, these states intend to distribute child tax credit payments to eligible families. 

It’s important to understand that not all of these credits are entirely refundable, indicating that a minimum income threshold may be necessary to receive the full owed amount.

Idaho: Through Idaho’s nonrefundable child tax credit, families can receive $205 for each qualifying child under 16.

Maine: Resident taxpayers are entitled to claim $300 for each qualifying child and dependent under the dependent exemption tax credit. 

The criteria for qualifying children and dependents align with those claimed under the federal child tax credit.

Maryland: Individuals earning $6,000 or less may qualify for a $500 refundable tax credit for each qualifying child under 17 years old.

Massachusetts: Families have the opportunity to receive $180 for one dependent or $360 for multiple dependents. To qualify, dependents must be under 12 years old.

Minnesota: Families may receive $1,750 per qualifying child. 

The credit gradually decreases for single filers with income exceeding $29,500 and $35,000 for taxpayers filing jointly.

New Mexico: Depending on income, families may qualify for $75 to $175 per qualifying child through the 2031 tax year.

Oklahoma: Families with an income below $100,000 have the opportunity to receive 5% of the federal child tax credit.

Oregon: Families with an income less than $30,000 qualify for $1,000 for each child under the age of 5.

Utah: Eligible households can receive $1,000 for each child between the ages of 1 and 4 years old. The amount gradually decreases by $10 or every $1 in income exceeding a specified income threshold.

Vermont: Households with an income less than $125,000 are entitled to $1,000 for each child under the age of 5.

Leave A Reply

Your email address will not be published.