The Newsroom Topics
Issue Number: COVID Tax Tip 2021-127
Low-income families still have time to sign up for advance child tax credit payments
It's not too late for low-income families to sign up for advance child tax credit payments.
The IRS urges anyone who normally isn't required to file a tax return to explore the tools available on IRS.gov. The Eligibility Assistant can help determine eligibility for the advance child tax credit. The Non-filer Sign-up tool can help people file a simplified tax return to sign up for these payments. Some non-filers may also be eligible for the $1,400 per person Economic Impact Payments and the recovery rebate credit. People can get these benefits, even if they don't work, have no income or don’t have a permanent address.
For these families, each advance CTC payment is up to $300 per month for each qualifying child under age 6 and up to $250 per month for each child ages 6 through 17.
Payments are generally issued on the 15th of each month through December 2021.
Here are more details and information about how to get the payments:
• The IRS sends advance child tax credit payments to eligible families who filed a 2019 or 2020 income tax return. This includes people who successfully use the Non-filer Sign-up tool for advance CTC, available only on IRS.gov. People can access the Non-filer Sign-up tool or the step-by-step guide for using it on IRS.gov.
• Aside from filing a simplified return from the Non-filer Sign-up tool, families don't have to do anything else if they are eligible to receive monthly payments.
• The Non-filer Sign-up tool is available until October 15, 2021. Using the tool by 11:59 p.m. ET on any month’s deadline will apply to the next month’s payment.
• 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 see the Veterans Benefits Banking Program for financial services at participating banks.
Share this tip on social media -- #IRSTaxTip: Low-income families still have time to sign up for advance child tax credit payments https://go.usa.gov/xFzab