IRS $300 Direct Deposit: Many changes are being made by the US government for the welfare of the citizens, one of which is the plan of direct payment of $300 per month. This payment is for those families who have children under the age of 17 years in their homes. In the case that you also would like this payment, then in this article, we will provide you with an exhaustive description of it.
Direct payment of $300 per month: What is this scheme?
The International Revenue Service (IRS) has announced a direct payment of $300, which will be sent on scheduled dates every month. This payment will be made for the care of children, especially those families who belong to the low and middle income group. This will be labeled “CHILD CTC” and will be reported as IRS TREAS 310.
This plan is intended to lower the cost for providing child care. The size of the payment will be determined by the family income, the age of the child and several other factors.
Date and amount of direct payment of $300 per month (IRS GOV $300 Deposit Date) .
This payment will be based on the age of the children. If the child is less than 6 years old, the family will get a total payment of $3600, which will be distributed as $300 each month. Simultaneously, for children older than 6 years old, the family will receive $3000 per year in the form of equal monthly payments of $250.
This payment will be made in the first half of the month and it will be deposited directly into your bank account. Families not having access to a bank account will be provided with its details, via the mail.
Eligibility for $300 per month payment
There are some criteria for eligibility to benefit from this scheme:
- The applicant must have permanent residence in America.
- The applicant’s child should be a dependent under the tax credit and live with them.
- The applicant is required to file his tax return up to 2021.
- Adjusted Gross Income (AGI) should be less than $75,000 for a single parent, and less than $150,000 for a couple.
How to apply for a $300/month direct payment?
However, if you have already been given CTC (Child Tax Credit) payments, you have to do a few steps. You must make sure that you have filed on time your 2021 tax return. Failure to update can lead to a denial of your claim.
Fact Checks

The American Rescue Plan has been incrementally increasing the thresholds of its tax credits year after year, in such a way that a larger and larger number of individuals will be entitled to them. The child tax credit was increased to $3600 in 2021. This plan is to pull approximately 5 millions children from poverty.
Families of 65 million children will get CTC in the form of direct payment, and to ensure this, the government has adopted the direct payment method to make the payment process fast and secure.
Conclusion:
This $300 per month direct payment is an excellent plan intended to help families with child care. To reap the benefit of this scheme, verify your eligibility and follow the process on time. This will not only save money, but also it would be a safe step towards the kids’ health.