The monthly Child Tax Credit payments begin July 15. While most eligible Americans will get it automatically, some will need to provide more information.
Families who may be eligible for the monthly Advance Child Tax Credit payments set to begin next month, but who do not normally need to file a tax return, have a new online tool to help get them set up.
The Internal Revenue Service said Monday the Non-filer Sign-up tool is an update to the one used last year by people who needed to get signed up to receive the COVID-19 stimulus payments.
The monthly Child Tax Credit payments, which begin July 15 for those who do not opt-out, will be $300 for each child under age six (or $3,600 for the year) and $250 for each child 6-17 (or $3,000 for the year). Married taxpayers who made less than $150,000 in 2020, and who filed jointly, will receive the full amount, as will qualifying widows and widowers. The full amount will also go …