It's not too late for low-income families to sign up for advance child tax credit payments.
The IRS urges
anyone who normally isn't required to file a tax return to explore the tools
available on IRS.gov. The Eligibility Assistant can help determine eligibility
for the advance child tax credit. The Non-filer Sign-up tool can help people file a simplified
tax return to sign up for these payments. Some non-filers may also be eligible
for the $1,400 per person Economic Impact Payments and the recovery rebate
credit. People can get these benefits, even if they don't work, have no income
or don’t have a permanent address.
For these
families, each advance CTC payment is up to $300 per month for each qualifying child under age 6 and up to $250 per month for
each child ages 6 through 17.
Payments are
generally issued on the 15th of each month through December 2021.
Here are more
details and information about how to get the payments:
• The IRS
sends advance child tax credit payments to eligible families who filed a 2019
or 2020 income tax return. This includes people who successfully use the Non-filer Sign-up tool for advance CTC, available only on
IRS.gov. People can access the Non-filer Sign-up tool or the step-by-step guide for using
it on IRS.gov.
• Aside
from filing a simplified return from the Non-filer Sign-up tool, families don't
have to do anything else if they are eligible to receive monthly payments.
• The
Non-filer Sign-up tool is available until October 15, 2021. Using the tool by
11:59 p.m. ET on any month’s deadline will apply to the next month’s payment.
• Families
who receive their first monthly payment in any month after July will still
receive their total advance payment for the year. This means that the total
payment will be spread over fewer months, rather than six months, making each
monthly payment larger.
• The
IRS encourages people to request payments by direct deposit, which is faster
and more secure than other payment methods. People who don't have a bank
account should visit the Federal Deposit Insurance Corporation website for details
on opening an account online. They can also use the FDIC's BankFind tool to locate an FDIC-insured bank.
• Finally,
BankOn, American Bankers Association, Independent Community Bankers of America and National Credit Union Administration have lists of banks
and credit unions that can open an account online. Veterans can see the Veterans Benefits Banking Program for financial services at
participating banks.
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