Is the child tax credit and economic stimulas check deposited at the same time?
The Child Tax Credit is not a refundable credit. It can only reduce your tax bill to $0. Don’t confuse the CTC with the $300 kicker for children under the stimulus plan. Although the qualifications are the same, the 2 totally separate. If your tax liability for the year was $600 or less (exclusive of the CTC) then your base rebate is only $600. Add $300 for each of the children and you get $1,200. For a family of 4, your rebate will be $1,200 if your AGI is about $30,300 or less. You’d need an AGI of about $36,300 or more to receive the full $1,800 rebate including the $300 kickers for the children.
