![]() ![]() If you don’t typically file a tax return and you are not already receiving Advance Child Tax Credit payments, you can still register for your advanced monthly payments through the IRS Non-filer Sign Up Tool until November 15, 2021. ![]() ![]() Haven’t filed your taxes yet? The IRS encourages you to file as soon as possible so that they have the latest information to determine and send your advance child tax credit. The IRS began sending letters to those who are eligible for the advance 2021 Child Tax Credit payments with additional details on their payments.Įligibility will be based on information included in either your 2019 or 2020 federal income taxes or the IRS non-filers tool. For your tax year 2021 taxes (the ones filed in 2022) the age limit and the amount of the credit will be increased and it will become fully refundable – meaning you’ll be eligible for the benefits even if you don’t owe taxes.Īlthough this credit is for next year’s tax filings, this new provision under the American Rescue Plan allows for monthly advanced payments to those who are eligible. The recently passed third stimulus relief package, known as the American Rescue Plan, expanded the Child Tax Credit. You may have heard that the IRS will be sending “monthly stimulus payments” or monthly Child Tax Credit payments to some families starting in July. For tax year 2021 the expanded Child Tax Credit provision has expired and reverts to the benefits available prior to the American Rescue Plan. ![]()
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