Child Tax Credit: How to sign up, make sure you receive direct monthly payments in July

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 52%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Monthly payments worth $250 or $300 per child are set to begin going out on July 15. However, some families will need to use a tool on the Internal Revenue Service's website to ensure they receive the money.

Most families who are eligible for the expanded Child Tax Credit will automatically receive direct payments beginning in July, but some will need to use a tool on the Internal Revenue Service's website to ensure they receive the money.

The new law also changed how people receive the credit, going from a lump sum when they file their taxes to monthly payments that will run from July through December. Child Tax Credit advance payments are set to start going out on July 15 and some people may need to register using an IRS tool to receive money. A man and woman wear protective masks while pushing children in a stroller as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on July 27 in New York City.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IRS Opens Child Tax Credit Payment Registration Portal For Non-Filers—Here’s What You Need To KnowI'm a breaking news reporter for Forbes focusing on economic policy and capital markets. I completed my master’s degree in business and economic reporting at New York University. Before becoming a journalist, I worked as a paralegal specializing in corporate compliance.
Source: Forbes - 🏆 394. / 53 Read more »