- If you hadn’t done it before and you just signed up in August for the Child Tax Credit payments, you can still receive $ 3,300 dollars.
- The third check of the Child Tax Credit will be delivered in a few days, on September 15.
- Families who have just signed up for aid will get slightly higher payments as the agency will try to catch up on outstanding checks.
Good news! If you hadn’t done it before and you just signed up in August for Child Tax Credit payments, you could still get $ 3,300.
The Internal Revenue Service (IRS) delivered the first two monthly checks of up to $ 300 dollars on July 15 and August 13 to citizens who qualify for the Child Tax Credit, although some families hadn’t registered and are wondering: How much will I get?
If you signed up just in August for the Child Tax Credit, you can still receive $ 3,300
The third check of the Tax Credit for children will be delivered in a few days, the next September 15, and families who have just signed up for the aid will get slightly higher payments as the agency will try to catch up on outstanding checks.
The tax collection agency has indicated that many of the families who normally do not file taxes because of low annual wages have not signed up for the program, even though they may qualify. It is essential that they do so as soon as possible in order to receive up to $ 3,300!
Register as soon as possible to receive payments
Payments of the Tax Credit for children are expected to be delivered in 6 monthly installments, between July and December; But in order to receive the aid (even if it is already a little behind) the family must enroll in the program and leave their information to the IRS so that they can issue the checks that correspond to them.
The agency explained that “the total payment will be spread over five months, instead of six, making each monthly payment larger.” In this way they would receive the same amount as the rest of the families, but condensed into fewer installments. “For these families, each payment is up to $ 360 per month for each child under the age of 6 and up to $ 300 per month for each child ages 6 to 17,” the IRS said.
IRS catches up on pending payments
True, the IRS will try to catch up on all outstanding payments, either because families have been late in registering or agency delays. The truth is that these families will receive checks with larger amounts to try to make up for the lack of the first payments.
The bad news is that to receive the next check on September 15, families have until August 30 to register as beneficiaries. In addition, the non-contributor portal will only be available until October 15, 2021, as indicated by the IRS.
What happens if a family does not register on time?
If an eligible family fails to enroll on time, they will not be able to receive the monthly checks, but they will still have the ability to claim the full amount of up to $ 3,300 of the Child Tax Credit on a tax return next year, he recalled. The opinion.
Starting in July, the agency began sending monthly checks of up to $ 300 for each child to those families who qualify for the Child Tax Credit and are already planning to deliver a third check on September 15. So what to do to receive this payment next month?
IRS announces what to do to receive the next payment in September
Most families do not need to take any action, as the IRS issues much of the payments electronically and immediately. However, some others have lost the opportunity to receive the first two payments because they changed their address or moved to another address.
For these cases, the IRS “launched a new feature that allows any family that receives monthly payments from the Child Tax Credit to quickly and easily update their mailing address through the Child Tax Credit Update Portal, found exclusively on IRS.gov. ” Of course, this new function is accompanied by an advert.
IRS warns families about address changes
“This feature will help any family that chooses to receive their payment by paper check to avoid delays in mailing or even having a check returned because it could not be delivered,” the agency said in a statement. statement published on its website.
However, the IRS advises beneficiaries that they must make these and any other changes to the system before the August 30th if they expect to receive the money that corresponds to them in September.
More money in September
The IRS explained that “any family can easily receive their September check and all future checks sent to their new address by using the portal to make an address change request.”
“For the change to go into effect in September, individuals must complete the application by midnight Eastern Time. Monday, August 30. Families can still make changes after that date, but their request will not be effective until the next scheduled monthly payment, ”he clarified.
Change my postal address
The IRS explained that once a taxpayer makes a change, they will use the new mailing address for all future correspondence. So even if the person receives their money through direct deposit (and not a physical check) they can use the tool to change their address and receive other shipments at their new address, such as when the agency sends the Letter 6419 that is required for the declaration of the following year.
The Child Tax Credit Update Portal has other functions in addition to the change of address. Here families will be able to verify their eligibility for payments, switch from receiving a paper check to direct deposit, change the account where their payment is deposited directly, or stop monthly payments for the remainder of 2021.
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 Child Tax Credit payments and an“ Update Portal ”, which will allow families to monitor and manage their Child Tax Credit payments.
“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. If you signed up for Child Credit in August, you can still receive $ 3,300.
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