TODAY is the final deadline for Americans to claim child tax credits in 2021.
Those who miss today’s deadline will have to file a tax return to receive the credits next year.
Non-taxpayers can use the GetCTC.org tool to receive the child tax credit payments.
The tool is designed to help families easily claim their child tax credits and stimulus checks. The tool is free to use, works on both desktop and mobile devices, and is available in both English and Spanish.
Eligible families can enter their name, address, and Social Security number on the site, which provides the IRS with the information necessary to receive the payments.
By submitting before today’s deadline, families will receive a check for six months’ worth of child tax credits by Dec. 15.
Those who have previously applied will receive a direct deposit today or a paper check within the next few business days.
However, there can be delays in receiving payment if the IRS doesn’t have the most current information for you and your family.
You can use the IRS Child Tax Credit Update Tool to add bank account information to receive a direct deposit instead of a paper check.
Those who don’t file today must file a tax return in 2022 to receive the credits, even if they don’t have a filing requirement.
What is the child discount and who is eligible?
Under the US bailout plan, many families have received monthly payments since July to help them recover amid the coronavirus pandemic.
If you have children and qualify for the most recent $1,400 stimulus check, chances are you qualify for the child tax credit payments as well.
Families with children under the age of six are eligible for up to $3,600 per child, while families with children between the ages of six and 18 can receive $3,000 per child.
Those families with children between the ages of 18 and 24 are eligible for $500 per child if they study full-time.
Payments started in July and will continue until December 2021.
Half of the lump sum will be paid monthly this year, the rest will be paid next year after a declaration.
Some families have chosen to waive payments.
Instead of receiving multiple smaller payments, they can receive one larger lump sum next year after tax returns in 2021.
Families that have opted out of the payment will not receive payments for November or December.
Read our kids discount live blog for the latest news and updates…
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