Eligibility for the 2021 child tax credit is complex for both adults and their qualified children. Here s what to know before the IRS starts sending out payments.
The IRS is currently sending the next wave of stimulus checks. Here s what to know about receiving your payment, including new details on how you ll get catch-up money if the IRS owes you a supplemental payment.
SSDI, SSI and stimulus checks: How you ll get payment, IRS delivery update, other rules
Here s the latest information about timelines and eligibility for Social Security recipients. Hint: Veterans details are still to come. Listen - 12:54
Stimulus checks for Social Security recipients are now headed out, including for people in SSI and SSDI programs. Angela Lang/CNET
For SSI or SSDI Social Security recipients, after weeks of waiting, your stimulus checks started going out this weekend, the IRS said, with many of the $1,400 payments scheduled to arrive by the middle of this week. Those who receive retired railroad worker benefits can also start looking for their payments this week too. Not everyone who receives federal benefits and qualifies for a payment will receive their checks with this latest batch, however. Veterans who receive benefits through Veterans Affairs will need to wait
IRS may automatically refund taxes for unemployment benefits. Everything to know
Some who receive unemployment could expect a second refund check in May. Here are the details so far. Listen - 02:08
Unemployed workers could get more money from the IRS. Sarah Tew/CNET
A $10,200 tax exemption was added into the details of the American Rescue Plan for those who received unemployment benefits in 2020. Also included are additional weeks of a $300 bonus payment, a third stimulus check and a boost to the child tax credit. There s some confusion surrounding how the tax break might work, but the IRS says it will handle the exemption and send out refunds if needed.
There are many important details to know about the expanded child tax credit for 2021, including the IRS plan for sending out the checks and why you ll still only get half the money before this time next year.