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FOLLOWING
- Family in the US could receive checks for an additional $5,000 as part of the American Rescue Plan
- If a new member joined the family during the year 2021, then they will be entitled to claim an additional $5,000.
- Those who apply will be able to get money in ONE step
EXCELLENT NEWS FOR THE WEEKEND! Families in the US could receive checks for an additional $5,000 dollars as part of the American Rescue Plan, which although approved in March 2021, still has funds to distribute among the people.
The Internal rents service (IRS) informed residents in United States that if a new member joined the family during 2021, then they will be entitled to claim an additional $5,000 when they file their taxes this year.
Family in the US could receive checks for an additional $ 5,000
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This help applies to parents who have had a child, adopted a child or who during 2021 have assumed a role as legal guardian of a minor. Of course, they will have to claim the child on their tax return this year in order to get the benefits.
Last year, many parents did not receive help for their children, probably because they had not registered them as dependents with the IRS, but now they will have the opportunity to receive the additional $ 5,000 dollars to the tax refund that corresponds to them.
Child Tax Credit
For the year 2021, the Tax Credit for Children contemplated the delivery of up to $1,800 dollars for each child under the age of 6 and up to $1,500 for each child between the ages of 6 and 17 in advance paymentswhich would be delivered in 6 advance monthly checks from July to December
It was not all, because the parents could claim a check for the same value of up to $1,800 dollars more when you file your taxes this year. The problem is that the parents of many children who were born during the last months of the year were not able to sign up for the advance checks, but now they will be able to request the Child Tax Credit in its entirety, that is, up to $3,600 dollars.
Will there be more checks like this?
The call from the IRS is to remind parents that this money is available and that they can claim it on their next tax return. But there is still better news and that is that the US authorities are working to make this type of aid permanent and not just exclusive for 2021.
This reminder comes amid growing support for a new federal plan for a “family stimulus check” that would send $350 monthly checks to families. It is about the Family Security Law, which was proposed by Senator Mitt Romney, and which would mean the recovery of direct monthly payments that ended in December 2021.
How to make the check arrive faster?
Although the proposal has been well received, it is not yet a done deal. So for now, parents could focus on getting the Child Tax Credit money already approved and for that they would have to file their taxes THIS YEAR.
IRS Commissioner Chuck Rettig acknowledged that “the pandemic continues to create challenges, but the IRS reminds people that there are important steps they can take to help ensure that their tax return and your refund will not be delayed in processing“.
What are those recommendations?
Given that Covid-19 continues to cause delays in the tax review process, the IRS recommends that taxpayers file their taxes through electronic declarations and not on paper, which typically take longer to process, Rettig said.
Another recommendation of the agency for citizens is that they update their information and request their reimbursement payments through direct depositswhich tend to reach people’s pockets much faster, in just hours, unlike physical checks that could take weeks to arrive.
IRS Free File Tool: Who is Eligible?
Many times taxpayers need help preparing their taxes, but if someone is confident in their abilities to do it on their own, then they could use the free IRS Free File tool. Review the following list and prepare to declare.
In this 2022, the providers for the IRS Free File are 1040Now.NET, ezTaxReturn.com (AVAILABLE IN SPANISH), FreeTaxReturn.com INC, FileYourTaxes.com, On-Line Taxes at OLT.com, TaxAct, FreeTaxUSA, TaxSlayer ( COMING SOON IN SPANISH)
Families in the US could receive checks for an additional $ 5,000
tax season I already started. Since last January 24, the Internal Revenue Service (IRS) began receiving taxpayer returns. Residents of the United States will have until April 18, 2022 to file their return.
Remember, to file your tax return you need to have all your tax information from last year on hand, including details of advance payments of the Child Tax Credit or third economic stimulus check, if you received them. Families in the US could receive checks for an additional $ 5,000.
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