WASHINGTON – The Internal Revenue Service and partners from nonprofits, churches, community groups and more will host additional events in several cities this weekend to help eligible families sign up for monthly payments the withholding tax credit for children (AdvCTC).
The July 23-24, 2021 special events will be hosted by the IRS and partner groups to help people file tax returns and register for advance payments. The events will take place in Birmingham, Alabama; Bronx, New York; Charlotte, North Carolina; Chicago, Illinois; Cleveland, Ohio; Dallas, Texas; Indianapolis, Indiana; Memphis, Tennessee; Minneapolis / St. Paul, Minnesota; Newark, New Jersey; New Haven, Connecticut; Oklahoma City, Oklahoma; Paterson, New Jersey; Riverside, California; Seattle, Washington; and Tampa, Florida.
With the help of a new registration tool for non-filers on the IRS website, IRS volunteers and staff will help eligible individuals and families obtain these important tax credits. and benefits. This tool, an update to last year’s IRS Non-Filers tool, is also designed to help individuals enroll in the third round of $ 1,400 Economic Impact Payments (also known as stimulus checks. ) and claim the Recovery Reimbursement Credit for any amount of the first two cycles of Economic Impact Payments that they may have missed. Individuals do not need to have children to attend these events and register for Economic Impact Payments.
This is part of a larger effort underway at the IRS to reach people eligible for payments and other credits. The IRS also continues to work with partner groups across the country, both inside and outside the tax community, to share information and raise awareness. These activities and events are in addition to this special weekend of activities.
This is part of a larger effort to raise awareness of the expanded child tax credit. The IRS also encourages its partners to use the online tools and toolkits available to help non-filers, low-income families, and other underserved groups register to receive AdvCTC. People can check their eligibility for advance payments using the new Child Advance Tax Credit Eligibility Wizard.
For this weekend’s events, people are encouraged to have the following information available when attending any of these events: (1) social security numbers for their children, (2) social security numbers, or tax identification numbers for themselves and their spouse, (3) a reliable mailing address, (4) an email address, and (5) their bank details if they wish to receive their payment by direct deposit.
Some tax credits, such as the Child Tax Credit (CTC), are “refundable,” meaning that even though taxpayers don’t owe income tax, the IRS will refund them if they are eligible; but they must file a tax return or register with the new non-filer registration tool to receive it. Some people who have not yet filed a tax return for 2020 are also eligible for Economic Impact Payments of $ 1,400 per person and the clawback refund credit.
The first monthly payments of the extended and newly advanced US bailout CTC were made on July 15 and will be sent monthly until December 15. Most families have started receiving monthly payments without any further action. Eligible families will receive a payment of up to $ 300 per month for each child under 6, and up to $ 250 per month for each child aged 6 to 17.
People who are required to file a 2020 federal income tax return, but cannot attend one of these events, may be able to prepare and report their own federal income tax online using the file. IRS free if their income is $ 72,000 or less.
People who do not need to file a federal income tax return for 2020 can also use the non-filer registration tool to register to receive advance payments from the CTC, the third payment cycle. economic impact and recovery reimbursement credit.
The IRS encourages people to request direct deposit payments, which is faster and more secure than other payment methods. People who do not have a bank account should visit the Federal Deposit Insurance Corporation website for details on opening an account online. They can also use the FDIC’s BankFind tool to locate an FDIC insured bank.
Finally, BankOn, American Bankers Association, Independent Community Bankers of America, and National Credit Union Administration have lists of banks and credit unions that can open an account online. Veterans can view the Banking Veterans Benefit Program for Financial Services at participating banks.
About the Child Tax Credit Advance
The expanded and newly advanced child tax credit was authorized by the American Rescue Plan Act, enacted in March. Normally, the IRS will calculate the payment based on a family’s 2020 income tax return, including those using the non-filer registration tool. If this return is not available because it has not yet been filed or is still being processed, the IRS will instead determine the initial payment amounts using the 2019 return or the information entered at using the Non-declarants tool which was available in 2020.
To ensure families have easy access to their money, the IRS makes these payments by direct deposit, provided correct banking information has already been provided to the IRS. Otherwise, people would have to watch their mail for payment by mail.
To learn more about CTC advance payments, visit IRS.gov/childtaxcredit2021 or see the 2021 Child Tax Credit and Child Tax Credit Advance Payments FAQ.