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A few days after the first payment of the Child Tax Credit is released, 15 July, you still have time to sign up for the program in case you aren’t. According to official government information, registered families submitted their tax returns 2019 or 2020 for registration .
Although it has been publicly stated that to receive government benefits, in most cases, you must be a taxpayer, you may be eligible to receive Child Tax Credit payments even if you haven’t filed your taxes recently. It is important to state that not everyone is required to declare their taxes .
Therefore, if you have at least one qualifying child and earn less than $ 24, 800 dollars annually as a married couple, $ 18, 650 dollars as head of household or $ 12, 80 dollars as sole taxpayer, you can use the registration tool for non-taxpayers of the IRS to get support , virtually no problem.
Chuck Rettig, IRS Commissioner explained that “people who are not required to filing a return can use this tool to provide us with basic information so that they can receive their economic impact payments as soon as possible. ”
For those who n or are taxpayers, but want to enroll in the program, applicants must provide the social security numbers of their children, social security numbers (or ITIN) of the beneficiary and their spouse. In addition, a reliable postal address, email address and information from your bank account are requested, if you want to receive payment via deposit .
Now, if you think that, according to your income in 2020, you should have declared, you must go to the IRS to determine what your situation is. You should consider that not declaring is losing the monthly payments of the Child Tax Credit in 2021. This is undoubtedly bad news since this support is often essential for families who have less.
In addition to this, you should consider that based on current government criteria, in case, not filing last year’s return could mean losing other tax benefits or a refund that may be owed to you, for this reason it is important to analyze and determine your status.
Who are aspiring to receive The Child Tax Credit should bear in mind that this is is a payment that does not count as income for any family . Therefore, registering will not affect your eligibility for other federal benefits such as food aid or receiving stimulus checks in case they haven’t reached you yet.
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