The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

The IRS named the dates for child support payments: when and how much you can get

The IRS announced on Monday June 7 that taxpayers who are eligible for the Extended Child Tax Credit will receive a letter in the mail from the IRS in the following days informing them of their eligibility. CNBC.

Photo: Shutterstock

The payout will be based on either the most recent tax return or information that benefit seekers submitted to the non-filers tool in order to claim economic damages in 2020.

An estimated 36 million families are eligible for the benefit, which in 2021 is up to $ 300 per month for each dependent child under 6 years of age and up to $ 250 for each child aged 6-17. Families can look forward to a second letter from the IRS assessing their monthly payment in the coming weeks, the agency said.

The first payment is scheduled for July 15th. After that, taxpayers can expect to be paid into their bank accounts around the middle of each month until December, according to the IRS. Here official dates:

  • July 15
  • 13 August
  • on September 15
  • 15 October
  • 15 November
  • 15 December

Payments will be made either by direct transfer or by paper check, depending on what information the IRS has on file for each recipient. Eligible families will receive a lump sum payment during the first six months of 2021 when they file in 2022.

On the subject: Child tax credit: what you need to know about the amount, timing and overpayment

Who is eligible for payments

The IRS estimates that 88% of families with children will be eligible for extended loans. To be eligible for full monthly payment, applicants must have adjusted gross income for 2019 or 2020 below the following levels:

  • $ 75 for individual taxpayers;
  • $ 112 for the head of the family;
  • $ 150 for married taxpayers filing jointly and widows / widowers.

Anyone who qualifies will receive payment, even if they have no earned income or usually earn too little to be in tax arrears.

In tax year 2021, families will receive a maximum of $ 3600 for each child under 6 and a maximum of $ 3000 for children 6-17.

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York

The agency says most eligible families do not need to do anything to receive payments, which will be based on 2020 income. However, if they have not filed their tax return yet, they should do so as soon as possible to send the latest banking information for each individual and their dependents to the IRS.

Until July 15, the IRS plans to release a tool that will allow families to defer receiving extended advances and instead receive the full amount of the tax credit when they file their tax returns next year.

Read also on ForumDaily:

Simple ways to save money that many do not know about

Five quintessentially American problems that our tourists and immigrants do not understand

Twenty sources of additional income that are gathering dust in your home

How much will you get your hands on after deducting taxes from your salary $ 100 thousand in each state

Miscellaneous Educational program taxes in the USA tax season 2021
Subscribe to ForumDaily on Google News

Do you want more important and interesting news about life in the USA and immigration to America? Subscribe to our page in Facebook. Choose the "Display Priority" option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram - there are many interesting things. And join thousands of readers ForumDaily Woman и ForumDaily New York - there you will find a lot of interesting and positive information. 



 
1067 requests in 2,423 seconds.