Families who don’t normally file a tax return will need to pay close attention to a new online tool from the IRS.
A special non-filer tool is now available to help eligible families who don’t normally file a tax return register for the monthly Child Tax Credit advance payments that are scheduled to kick off July 15.
Eligible families will receive up to $300 per month for each qualifying child age 5 and younger. The monthly payout is up to $250 per month for each qualifying child ages 6 to 17.
Monthly payments will be sent from July through December to cover half of the total credit amount in advance this year. Taxpayers would claim the other half of the available credit when filing their 2021 federal income tax return next year.
The IRS said: “The non-filer sign-up tool is for people who did not file a tax…