The payments stemmed from a temporary enhancement to the child tax credit that Congress enacted as part of the $1.9 trillion American Rescue Plan Act that passed in March 2021.
The credit was beefed up to $3,600 for each child up to age 6 and $3,000 for each one ages 6 through 17 for lower- and middle-income families for one year. Also, more low-income parents became eligible for the full amount because lawmakers made it fully refundable.
The inspector general's review covered nearly 179 million payments made between July and November 2021, totaling more than $76.7 billion. It also found some errors associated with incorrect bank account information.
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