Photo: Aurelia Ventura / Impremedia / Real America News
Next Monday 15 November Service The Internal Revenue Service (IRS) will release the penultimate payment corresponding to the Enhanced Child Tax Credit of 2021. Millions of families have benefited and have been able to face the economic havoc left by the Covid pandemic – 17 .
Although the aid is about to expire, those who have not received the payment can still request it until 15 November, they can register to receive payments on the website GetCTC.org .
While the IRS is sending two more payments, the 15 November and 15 December, Families who sign up now will receive a check as a lump sum in December . The payments of this tax benefit were released in July and were divided into six rounds.
Families who enroll in the program will receive a single payment for the amount corresponding to the six rounds, that is $ 1, 600 dollars for each child under six years of age and $ 1, 500 dollars for older children up to 17 years.
Parents or guardians who qualify for payments will receive the other half of the expanded Child Tax Credit when they file their tax return early of 2022, through a tax refund .
Now, those who do not meet the deadline of 15 November, for whatever reason, you need not worry as you can receive the full money, but until 2022, always and c hen they file their tax return and claim the credit in said process.
In accordance with current law, the expanded Child Tax Credit increased the benefit to $ 3, 600 for each child under 6 years old and to $ 3, 000 dollars for children 6 to 17 years.
Under this programmatic planning of the federal authorities, families beneficiaries received monthly payments of $ 300 dollars for children under six years of age and $ 250 dollars for each child from six to 17 years.
Taking into account that this tax benefit is designed to combat poverty, it is essential That the people who have the least take advantage of this opportunity to to be able to face the precariousness that is being experienced in the country.
According to a study by the Urban Institute on the implementation of Child Tax Credit payments, it indicates that “Very low-income families are not required to file tax returns, although some do.”
The research suggests that “those Those who do not, those who do not file, run the risk of missing their Child Tax Credit advance payments before December, when credit payments will stop 2021 ”, a situation that puts them in a vulnerable position.
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