- If you still have the payment corresponding to the Child Tax Credit pending, there is a way in which you can follow up and the Internal Revenue Service can help you
During 2021 and this 2022, millions of low-income American families have benefited from the new and improved Child Tax Credit (CTC), which was approved as a result of the Covid-19 pandemic. By now, most eligible families should already have their money, but if not, at Solo Dinero we will tell you what you can do.
The Child Tax Credit approved by the Covid-19 pandemic granted monthly payments until December 2021 to qualified families to give them the first half of what they were entitled to, while the second half was paid to them after they filed their tax return. 2021 income taxes in 2022.
All these payments were part of the American Rescue Plan, and a similar program has not been approved again, despite requests and proposals, which have been led by the administration of President Joe Biden.
Families with children under the age of six received up to $3,600 for each qualifying child, while those with children under the age of 18 have received up to $3,000 a month for each qualifying child.
If you are still waiting for this money to reach your hands, then we recommend that you follow up directly with the Internal Revenue Service (IRS). The fiscal agency created a specific portal for the CTC, in which people can verify their eligibility and enroll in the program. Those people who are non-filers can also apply for this tax credit.
Having your data updated on the platform will avoid major headaches, since this could be preventing the arrival of payments from being affected. You must have your name, postal address and updated bank account, so that the money is on time.
The submitted check may be held by the US Postal Service or, if it is a recent payment, the direct deposit payment may still be processing. The tax agency also specifies that if you have been a victim of identity theft and this has affected your tax return in some way, you will not be paid the benefits of the Child Tax Credit until these problems have been resolved with the IRS.