And in a concerted effort to help all eligible families, particularly non-filers, get their hands on the funds, the tax agency is partnering with nonprofit organizations, churches, and community groups to let these people know about the newly launched Non-filer Sign-up Tool, which will give the IRS the necessary information—such as an address and bank and routing numbers—to properly send out the money.
This particular tool was “developed in partnership with Intuit and delivered through the Free File Alliance … (and will provide) a free and easy way for eligible people who don’t make enough income to have an income tax return-filing obligation to provide the IRS the basic information needed,” the IRS says.
Under the direction of Biden’s $1.9 trillion stimulus bill, these highly anticipated child tax credits will give eligible parents as much as $3,600 per year for a child under the age of six and up to $3,000 for children between ages six and seventeen. Broken down further, it amounts to a $250 or a $300 payment for each child every month through the end of 2021.
“This important new tax change affects millions of families across the nation, and the IRS wants to do everything it can to help people get the payments,” IRS Wage & Investment Commissioner Ken Corbin, who also serves as the agency’s Chief Taxpayer Experience Officer, said in a statement.
“Many people miss out on tax benefits simply because they don’t file a tax return. Our work in these cities is designed to help people receive monthly Advance Child Tax Credit payments and Economic Impact Payments,” he continued.
The White House has also taken the initiative to launch the website www.childtaxcredit.gov to give potentially eligible parents even more details regarding the monthly payments.
Keep in mind that the IRS also recently upgraded another online tool called the Child Tax Credit Update Portal that will enable eligible families to update their bank account information so that they can receive their payments promptly each month.
Do take note that the IRS is still urging Americans to file an extension and complete their federal tax returns if they haven’t already. The agency says that “although payments are automatic for most people, the IRS continues to urge people who don’t normally file a tax return and haven’t received Economic Impact Payments to file a 2020 tax return to get all the benefits they’re entitled to under the law, including tax credits such as the 2020 Recovery Rebate Credit, the Child Tax Credit, and the Earned Income Tax Credit.”
Ethen Kim Lieser is a Minneapolis-based Science and Tech Editor who has held posts at Google, The Korea Herald, Lincoln Journal Star, AsianWeek, and Arirang TV. Follow or contact him on LinkedIn.