WASHINGTON (AP) — The federal government launched a revamped website Monday — the first day of tax filing season — to help people who were eligible for the expanded child tax credit under last year's pandemic relief bill claim the second half of the payment they were due.
For the first time in half a year, U.S. families on Friday are going without a monthly deposit from the child tax credit. A closer look at the impact.
The current enhanced child tax credit benefits are worth up to $3,600 per child.
Some families say they didn’t receive the September payment on Wednesday as scheduled.
Parents reported less trouble affording food and paying for household expenses after the first payment was sent on July 15, according to the Census Bureau Household Pulse Survey released Wednesday.
Beginning Thursday, hundreds of thousands of Wisconsin parents will start getting monthly payments of $250 or $300 per child as part of a temporary expansion of the federal child tax credit included in the latest COVID-19 stimulus package.
Advocates say making the payments permanent would drastically reduce child poverty and spur a host of other societal benefits.
Most parents don't have to do anything to get the funds, but those who haven't filed tax returns or used the IRS's non-filer tool to receive stimulus checks must take action to get the payments.
The IRS will not email, text, call or direct-message families receiving the child tax credit as an initial contact. You should delete those messages unread. Here are more of the week's best money tips.
It almost sounds too good to be true: Most families with kids will start receiving monthly checks for up to $300 per child this summer, starting in mid-July and continuing…
Have you heard about the payments now available to many families with children? Get the lowdown from Pennywise podcast host Teri Barr and her expert guest from Forbes Advisor.
You may soon receive a letter from the Internal Revenue Service (IRS), but unlike other notices from the agency, you might be thankful to receive this one. That’s because the IRS announced it has started sending letters to more than 36 million families who qualify for the new monthly child tax credit payments. In March, […]
The so-called child allowance is just one of several poverty-fighting measures in the stimulus bill, which doubles as a thick, but perhaps temporary, extra layer in the nation's safety net.
There was much to like in Gov. Scott Walker’s proposed agenda outlined in his State of the State address last week — including plans to remove…
Tax season got off to a slow start because the IRS delayed refunds for more than 40 million low-income families as part of the agency's efforts to fight identity theft.