Why Some Parents Will Get Tax Credits Worth $ 600 Per Child This Month

Why some parents will get tax credits worth $ 600 per child this month. The Senate approved the delivery of six monthly advance checks of...

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  • Why some parents will get tax credits worth $ 600 per child this month.
  • The Senate approved the delivery of six monthly advance checks of up to $ 300 per child under the age of six and up to $ 250 per child between the ages of six and 17.
  • Payments were supposed to arrive from July to December, but several families waited for checks that never arrived.

The American Rescue Plan provides monthly payments for families of up to $ 300 per child as part of the Child Tax Credit, but why will some parents get tax credits worth $ 600 per child this month? We explain.

Last March, the US Senate approved the delivery of six monthly advance checks of up to $ 300 per child under the age of six and up to $ 250 per child between the ages of six and 17; however, some problems of the Internal Revenue Service (IRS) ended up delaying the payment of many families.

Why Some Parents Will Get Tax Credits Worth $ 600 Per Child This Month

Why Some Parents Will Get Tax Credits Worth $ 600 Per Child This Month
Why some parents will get tax credits worth $ 600 per child this month. Photo: Shutterstock

The checks were supposed to be delivered from July to December, but due to delays and some problems with the IRS in their logistics to distribute the funds, several families were left waiting for payments that never came.

For this month of October, the IRS intends to catch up with the pending money, so that those families could receive checks of up to $ 600 dollars per child, more than double the usual amount, he recalled. The Sun.

What to do to claim the aid?

Why Some Parents Will Get Tax Credits Worth $ 600 Per Child This Month
Photo: Shutterstock

If your family has already filed a tax return, you will not have to take action as the agency makes the payments automatically. Although those non-taxpayers, who are possibly low-income people, will have to register through the IRS tool: Non-filer Sign-up.

Those who have not registered should do so as soon as possible, since they only have until the next October 15th to claim help. If you expect to receive the October check on time, you have only until Monday, October 4 at 11:59 p.m. ET to register, as the IRS will issue payments for this month with information available as of that date.

When will my check arrive?

Two deadlines are approaching that would put your check at risk
PHOTO Shutterstock

If you are one of those who claimed the help of the Child Tax Credit late, then it is possible that this October 15th Receive a ‘bigger’ check of up to $ 600 as the IRS will try to make up the outstanding money from previous months.

This would be your first monthly check for $ 600 of the three you will receive from October to December to receive a total of $ 1,800 or $ 1,500 per child (depending on the case), as established by law. You can claim the rest of the money from the Child Tax Credit when you file a tax return next year.

When will my October payment arrive?

New check for $ 600 could be mailed starting today
Photo: Shutterstock

If, on the other hand, you are one of those who have regularly received your monthly Child Tax Credit checks, the next payment of up to $ 300 dollars would be arriving from October 15 through direct deposit or physical checks.

According to the IRS schedule, the next checks for up to $ 300 per child under the age of six and up to $ 250 per child between the ages of six and 17 will arrive next October 15, November 15 and December 15.

Direct deposit or physical check?

Photo: Shutterstock

Child Tax Credit payments go to qualified families through direct deposits, which you can verify in your bank account right on the payment date established by the IRS, or through a physical check, which would arrive days later via postal mail.

In the latter case, the IRS asks beneficiaries for a little patience because payments could take a little longer to arrive. “For those who receive payments by check, be sure to allow additional time, until the end of September, for delivery by mail,” the agency said in its latest statement about payments issued on September 15.

Do I qualify for assistance?

October 4 is the deadline to request the next payment of the Child Tax Credit
Photo: Shutterstock

According to the IRS, couples earning less than $ 150,000 annually or single parents earning less than $ 112,500 annually qualify for maximum aid. Parents with dependent youth ages 17 and older are also eligible for $ 500.

If you are still not sure whether or not you qualify to receive these checks, the IRS recommends using the Eligibility Assistant for advance payments of the Child Tax Credit. They will ask you for some personal information in order to confirm if you are eligible or not.

Make any modifications safely

stimulus check
Photo: Shutterstock

The October 4 at 11:59 pm (Eastern Time) as the due date because the information obtained up to that point will be what the IRS will process for the October checks. This includes those who want to waive aid or those who have decided to change their payment method from physical check to direct deposit.

To safely make these changes, the IRS recommends visiting the Child Tax Credit Prepayments in 2021 where people can get more details that allow them to seamlessly make changes to the Child Tax Credit Update Portal“. Why Some Parents Will Get Tax Credits Worth $ 600 Per Child This Month.

The post Why Some Parents Will Get Tax Credits Worth $ 600 Per Child This Month appeared first on Hispanic World.

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