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Child Tax Credit: This Tool Can Determine Your Stimulus Check Eligibility

With this in mind, the agencies have been pressing potentially eligible parents to take advantage of newly launched online tools that can help them determine whether they qualify for the new recurring monthly payments.   Take note that under Biden’s stimulus bill, the federal government will now allow parents to collect as much as $3,600 per year for a child under the age of six and up to $3,000 for children between ages six and seventeen. Broken down, this amounts to a $250 or a $300 payment for each child every month through the end of the year. In addition, eighteen-year-old dependents and full-time college students who are under age twenty-four can give their parents a one-time $500 payment.

IRS y grupos comunitarios se unen para proveer ayuda gratis a familias para obtener pagos por adelantado del crédito tributario

IRS y grupos comunitarios se unen para proveer ayuda gratis a familias para obtener pagos por adelantado del crédito tributario
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IRS Launches New Child Tax Credit Eligibility Tool – Sheridan Media

The Treasury Department and the Internal Revenue Service today urged families to take advantage of a special online tool that can help them determine whether they qualify for the Child Tax Credit and the special monthly advance payments beginning on July 15. Available exclusively on IRS.gov, the new Child Tax Credit Eligibility Assistant, launched earlier this week, is interactive and easy to use. By answering a series of questions about themselves and their family members, a parent or other family member can quickly determine whether they qualify for the credit. Though anyone can use this tool, it may be particularly useful to families who don’t normally file a federal tax return and have not yet filed either a 2019 or 2020 tax return. Often, these are people who receive little or no income, including those experiencing homelessness, low income households, and other underserved groups. Using this tool can help them decide whether they should take the next step and register for

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