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Millions of individuals and families stand to receive money from the government through incentive checks and monthly child tax credit payments.
However, many are still waiting for their stimulus checks, while others may not know how to sign up for child tax credit payments.
The IRS is holding live events in 12 cities this weekend to help individuals and families who don’t normally file tax returns.
Events are taking place on Friday, July 9 and Saturday, July 10, in partnership with nonprofits, churches, community groups, and other organizations. They are taking place in Atlanta, Detroit, Houston, Los Angeles, Las Vegas, Miami, Milwaukee, New York, Philadelphia, Phoenix, St. Louis and Washington, DC/Maryland.
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More details about specific locations and times can be found here.
The American Rescue Plan Act, passed by Congress in March, included advance monthly payment of child tax credits of up to $300 per month per child, along with a third stimulus check of up to $1,400 per person. To qualify for incentive checks or child tax credit payments, individuals and families must meet certain requirements.
Individuals who participate in individual programs must obtain their Social Security or tax identification numbers for both themselves and their spouses, Social Security numbers for their children, their mailing and email addresses, as well as their Bank account information should also be brought. by direct deposit.
More help registering for online payment
The IRS plans to hold additional live events to help people sign up for child tax credits and incentive check payments.
However, if you can’t attend those events, you can still get help online.
The IRS’s new non-filer sign-up web tool will let individuals and families enter their information to register for monthly Child Tax Credit payments. The online tool will let people collect a $1,400 incentive check as well as a recovery rebate credit for the first two payments issued by the government.
If instead you need to file a federal tax return, you can use the IRS’s Free File Program if your income is $72,000 or less.
Monthly Child Tax Credit payments beginning July 15
Monthly child tax credit checks are due to start from July 15 and will continue till December.
They will include payments of up to $300 per month per child under the age of 6 and up to $250 per month per child aged 6 to 17.
The IRS also has an online tool available to check whether your family is eligible for Advance Child Tax Credit payments.
Most families will automatically receive the Child Tax Credit payment. However, people who do not typically file tax returns, including low-income families or other under-served groups, are encouraged to submit their information to receive funding.
Over 35 million returns still not processed
This year, many Americans were encouraged to file tax returns, even though they normally don’t, to receive stimulus checks and any other tax credits they may be eligible for.
However, some Americans are still complaining that they haven’t received stimulus checks.
One reason for this may be that the IRS still has a backlog of more than 35 million tax returns to process. This includes approximately 16.8 million paper returns, 15.8 million returns pending review and 2.7 million revised returns.
It is estimated that more than 8 million taxpayers will be eligible for the Recovery Rebate Tax Credit, or Unpaid Incentive Check Fund, this year.
National Taxpayer Advocate Erin M. “For taxpayers who can wait, the best advice is to be patient and give the IRS time to work through its processing backlog,” Collins wrote in a recent report to Congress.