- The next check for up to $ 300 dollars corresponding to the Child Tax Credit will reach beneficiaries in the next few days.
- The next round of Child Tax Credit payments is scheduled for this Wednesday, September 15.
- According to the American Rescue Bill, after this third check, three more will come.
The next check for up to $300 corresponding to the Child Tax Credit will reach beneficiaries in the next few days.
According to the Internal Revenue Service (IRS), families in the United States will receive their third check of the child tax credit in a few days days, just as was stated on their payment schedule.
Child Tax Credit Check will arrive in the next 4 days
The next round of Child Tax Credit payments is scheduled for this Wednesday, September 15. After this third check, three more will remain outstanding that eligible individuals will receive on the 15th of each month.
In accordance with the provisions of the American Rescue Act, beneficiaries will receive six checks $ 300 for each child under the age of five or $ 250 for each child between the ages of six and 17 distributed between July and December 2021.
When will more checks be issued?
The IRS sent the first check on July 15 and the second on August 13. Now there are just days until the third round of payments, as the money will arrive through a direct deposit to most of the recipients the next September 15. Other citizens may receive it days later if your check was sent by mail.
Here’s the IRS timeline: July 15 (already sent), August 13 (sent that day because the 15th was Sunday), September 15, October 15, November 15, and finally December 15. Although by 2022 a seventh check would be pending.
A seventh and bigger check
Parents will also receive a one-time payment of $ 1,800 after the monthly checks of $ 300 that will arrive between July and December. This more ‘bulky’ check is also part of the Child Tax Credit under the American Rescue Plan for Biden.
According to the legislation, child support can be up to $ 3,600 for qualifying children under the age of 6 or up to $ 3,000 for qualifying children between the ages of 6 and 17. The first half will be divided into 6 payments that will arrive in advance monthly checks. The other half will come in a single payment that the family will have to claim on their 2021 tax return.
Do I qualify for the Child Tax Credit?
According to the IRS, “the new maximum credit is available to taxpayers with a modified adjusted gross income (AGI) of $ 75,000 or less for singles, $ 112,500 or less for heads of household and $ 150,000 or less for married couples that file a joint return and for qualified widows and widowers ”.
But what if a person earns more than that? If a person earns more than this amount, they can also receive the aid, although to a lesser extent. “Above these income thresholds, the additional amount above the original credit of $ 2,000, whether it is $ 1,000 or $ 1,600 per child, is reduced by $ 50 for every additional $ 1,000 in modified AGI,” explained the IRS.
How to obtain the Child Tax Credit?
Authorities reported that about 90% of families in the United States are eligible for monthly payments, he recalled. The Sun. They also indicated that those who filed their tax returns before May 17, 2021 will not have to take action, as their payments will be made automatically.
However, there are still families who, although they qualify, could stop receiving the monthly money because they have not provided their information to the IRS. If you have not already done so, you can use the tool Non-Filer Sign-up until the next October 15th With which you can register to receive the Child Tax Credit in advance.
How to confirm if I am eligible?
The IRS announced that they have a “Child Tax Credit Eligibility Assistant”In SPANISH, which will help families determine whether or not they are eligible for payments and an“ Update Portal ”that will allow families to monitor and manage their Child Tax Credit payments. They will also be able to waive monthly aid and receive a full payment next year.
“Before filing a return or using the Non-Filer Sign-up tool, families unsure if they qualify for the credit or prepayments may want to use another new tool: the Child Tax Credit Eligibility Assistant. ”Advises the agency. By just answering a few questions, you can do a preliminary check to see if they qualify for payments. This is not an enrollment tool. Child Tax Credit Check will arrive in the next 4 days.
The post Child Tax Credit Check will arrive in the next 4 days appeared first on Hispanic World.