Sunday, October 6

Child Tax Credit: Why Many Have Not Received Payment Yet


Crédito Tributario por Hijos: por qué muchos no recibieron el pago aún
The IRS will distribute monthly payments of the Child Tax Credit through December.

Photo: Alexandr Podvalny / Pexels

It has been almost a week since the Child Tax Credit payments were released and millions of people received the payment on time as announced by the Internal Revenue Service (IRS), a government body in charge of distributing the monthly support that will be distributed until the second week of December .

Despite this, there are many people who have not received it yet and, for this, there are many reasons that can explain what is happening. In a first scenario, you probably have to see that the taxpayer by not having presented information from a bank account, the IRS will end up sending the payment in a check by mail, which will take a long time to arrive.

Perhaps, the above is the scenario simpler unlike the following, since in case you do not obtain the payment of the physical check, then, you must make sure that you are a person who qualified for the benefit. To do this, the IRS bases eligibility on the most recent tax return it has on file, if it is found that you received more money than the allowed threshold you will be discarded .

Therefore, if you are a single parent, you will receive the total amount per child if your Adjusted Gross Income is less than $ 75, 000 dollars annually. For married couples filing joint returns, the income limit for maximum benefits is $ 150, 000 dollars per year.

Another possibility that should be explored in case of not having received the monthly amount, is to inquire if you must file a tax return, that is, for those who do not file their taxes or are late this year they will want to file a return to provide the IRS with the updated information they need to disburse the cash of the child credit .

On the other hand, it is recommended that you explore the official portal of the Tax Credit for Children. The site is designed so that the beneficiaries can update their address, bank account and other personal information necessary to receive payments. In addition, users can consult the portal to investigate the status of the money and, in case, find out what happened in the event of a theft .

Now, if you are a taxpayer who meets everything necessary to receive the tax credit, then you should investigate if you are not a victim of any scam. The IRS has raised the alarm to parents to be aware of scams related to payments of the Child Tax Credit.

In In this sense, the government body has said that the only way to receive this benefit is to file a tax return or register online through its registration tool for non-filers.

In addition to this, the Internal Revenue Service made it clear to taxpayers that they never send unsolicited email or text messages instructing anyone to open attachments or visit non-government websites. Therefore, it is recommended that if you receive this type of content, ignore it.

You may also be interested in: Meet which states give tax benefits for back-to-school purchases