Ever since mid-July, more than thirty-five million American families have been on the receiving end of timely payments from the expanded child tax credits that were approved last spring under President Joe Biden’s $1.9 trillion American Rescue Plan.
Due to that highly ambitious stimulus bill, eligible parents are now able to collect 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, that means a $250 or a $300 payment for each child will be direct deposited each month through the end of the year.
As for payment number three, know that these same parents won’t have to wait long as they are slated to head out to them beginning on the fifteenth. Keep in mind that the other future payments are expected to be disbursed on October 15, November 15, and December 15.
However, be aware that the rollout of these credits hasn’t been entirely smooth sailing. One glitch that is still plaguing some eligible parents is due to a system issue that is causing checks to be mailed instead of being directly deposited into their bank accounts. Another problem is related to some banking information and mailing addresses being incorrect.
“The IRS is backlog tremendously right now, I mean, they can try to call, they’re usually available until about seven o’clock local time, but you’re going to be on the phone for at least an hour trying to get ahold of people,” David Wovrosh, of the Legal Aid Society of Greater Cincinnati, told WLWT.
“What the IRS recommends folks do is use those portals online,” he added.
With this in mind, the White House, along with the U.S. Treasury Department and the nonprofit tech organization Code for America, recently launched a brand-new mobile-friendly online portal that can be found on GetCTC.org. The chief aim of the site is to assist low-income Americans who don’t generally file taxes claim the child tax credits or any of the still-missing stimulus checks.
Do take note that the Internal Revenue Service’s Non-filer Sign-up Tool can also be used to give the tax agency the required information like a valid address and routing and bank account numbers to help it promptly issue the direct payments. The IRS also recently launched a new feature that enables any eligible household to update their mailing address via the Child Tax Credit Update Portal, which can also be used to change their bank account information for any future direct deposits.
“This feature will help any family that chooses to receive their payment by paper check avoid mailing delays or even having a check returned as undeliverable,” the IRS stated in a release.
Ethen Kim Lieser is a Washington state-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.