The Child Tax Credit Eligibility Assistant: helps you understand if you are eligible for the Advance Child Tax Credit.The IRS launched two new tools to help families manage and monitor the advance monthly Child Tax Credit. If you do not receive Advanced Child Tax Credit payments and you are eligible, you will be able to claim the full amount of the 2021 Child Tax Credit when you file your 2021 taxes.

Intuit helped deliver the Non-filer Sign Up Tool through participation with the Free File Alliance. Families who sign up will receive half of their total Child Tax Credit on December 15($1,800 for each child under 6, and up to $1,500 for each child 6 -17). If you don’t typically file a tax return and you are not already receiving Advance Child Tax Credit payments, you can still register for your advanced monthly payments through the IRS Non-filer Sign Up Tool until November 15, 2021.

Haven’t filed your taxes yet? The IRS encourages you to file as soon as possible so that they have the latest information to determine and send your advance child tax credit. The IRS began sending letters to those who are eligible for the advance 2021 Child Tax Credit payments with additional details on their payments.Įligibility will be based on information included in either your 2019 or 2020 federal income taxes or the IRS non-filers tool. For your tax year 2021 taxes (the ones filed in 2022) the age limit and the amount of the credit will be increased and it will become fully refundable – meaning you’ll be eligible for the benefits even if you don’t owe taxes.Īlthough this credit is for next year’s tax filings, this new provision under the American Rescue Plan allows for monthly advanced payments to those who are eligible. The recently passed third stimulus relief package, known as the American Rescue Plan, expanded the Child Tax Credit. You may have heard that the IRS will be sending “monthly stimulus payments” or monthly Child Tax Credit payments to some families starting in July. For tax year 2021 the expanded Child Tax Credit provision has expired and reverts to the benefits available prior to the American Rescue Plan.

Tax caster 2021