Nashville-Davidson

Child tax credit checks: IRS launches new tool to prevent parents from missing out on payments – Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee 2021-06-16 14:43:22 –

Most US parents will be checked for monthly tax credits starting in July. (Getty Images)

Myrtle Beach (WBTW) – IRS New online tool To help low-income families register for child tax credit checks that will hit their bank accounts within a month.

With this tool, the basics needed for qualified people who do not have to file taxes due to low income to calculate and issue advance child tax deduction payments, such as names and social security numbers. You can provide your personal information to the IRS.

This tool is an updated version of what was used last year to help non-filers enroll in a batch of $ 1,400 stimulus checks. People can also use the tool to claim recovery rebate credits for stimuli that they may have missed before.

Both monthly checks and total benefits have changed since last year, when they were usually fully applied at the time of tax filing. this year, Child tax credit At the end of 2021, you will receive up to $ 3,000 per eligible child between the ages of 6 and 17. At the end of 2021, you will receive up to $ 3,600 per child under the age of six. These benefits will be reduced for high-income earners.

Checks will be distributed on July 15, August 13, September 15, October 15, November 15, and December 15.

“We have been working hard in July to start offering monthly pre-child tax credits to millions of families with children,” IRS Commissioner Chuck Letchig said in a press release of the new tool. I did.

“This new tool not only makes this important credit easily accessible to more people, but also helps those who normally do not file tax returns receive payments for financial impact. We encourage you to review the details of these new initiatives. “

The· Sign-up tools other than filers For those who did not file their tax returns in 2019 or 2020 and did not register for Economic Impact Payments using the IRS Non-filers tool last year.

Most families do not need the tools to receive their monthly checks.

“Eligible families who have already filed or plan to file a 2019 or 2020 income tax return should not use this tool. When the IRS processes a 2019 or 2020 tax return, The information will be used to determine eligibility and issue upfront payments, “the IRS said in a statement. “Families who want to claim other tax incentives, such as earned income tax credits for low- and middle-income families, should not use this tool and instead file regular tax returns. The fastest and easiest way to submit a return is Free files Only available on the system, IRS.gov. “

Child tax credit payment calculator

Use the calculator below to estimate the amount you may receive for your child tax credit recurring payments after July 2021

As monthly payments approach, the IRS suspects fraudulent attempts associated with increased payments.

“Beware of scams using text related to email, phone, or payment,” the IRS wrote. “Caution and caution: The IRS does not send unilateral electronic communications asking you to open attachments or visit non-governmental websites.”

Child tax credit checks: IRS launches new tool to prevent parents from missing out on payments Source link Child tax credit checks: IRS launches new tool to prevent parents from missing out on payments

Back to top button