Good news, The Internal Revenue Service (IRS) will send out the third batch of Child Tax Credit (CTC) payments this week. Does Cash App accept the deposit?
Cash App & Child Tax Credit
Yes, Cash app accepts Child Tax credit deposit
According to mobile payment service “customers with account and routing numbers on file with the IRS will begin receiving advance Child Tax Credit payment”.
The 2021 Child Tax Credit will be paid in advance to qualified taxpayers who have a primary residence in the United States for more than half the year from July 15 to December 15.
Qualifying families claiming the Child Tax Credit will receive:
- Up to $250 per month per qualifying child between the ages of 6 and 17
- Up to $300 per qualifying child under age 6
Your Child Tax Credit payments may arrive in one of two ways: as a direct deposit to a routing and account number or as a paper check.
Those who have previously registered for direct deposit with the IRS will be among the first to get their early Child Tax Credit payments.
GSS2 Stimulus Update: Chase, Wells Fargo Deposit Confirmed
Some people using Chase and Wells Fargo bank account have started to receive their golden state (GSS2) Stimulus payment.
The first payment was made on August 27 and consisted of 354 million dollars divided among 600,000 payments. Some Californians are already receiving the next round of payments.
“GSS II deposited this morning. Wells Fargo checking in.” A reddit user wrote alongside a screenshot of his payment on his bank account.
“Chase confirmed,” Another Reddit user wrote with a picture of the payment on a Chase bank account.
GSS2 Stimulus delay
The state of California have warned that some of the payments might be delayed as they “may need more review depending on the situation or information we have.”
“This could include address changes, bank account changes, etc,”.
These stimulus check payments are part of the state of California’s recently passed $100 billion budget, with governor Gavin Newsom claiming that the money is there to help those who have faced financial difficulties as a result of the pandemic.
The second round of these Golden State Stimulus payments is there to help low-income parents and self-employed workers.