HomeUS PoliticsFeds launch website for claiming part 2 of child tax credit

Feds launch website for claiming part 2 of child tax credit

WASHINGTON, D.C. (AP) – On Monday, the opening day of tax season, the federal government opened a new website to assist those who were qualified for the enhanced child tax credit under last year’s pandemic relief package in claiming the second half of the money they were owed.

According to the Treasury Department, the site, ChildTaxCredit.gov, has a new tool that guides people to filing alternatives, eligibility information, and directions on how to obtain credit. Support will be available in a variety of languages, both online and in person.

As part of President Joe Biden’s $1.9 trillion coronavirus relief program, which included a monthly payment of up to $300 per kid, the child tax credit was increased. Treasury and the IRS have distributed about $93 billion to tens of millions of households since the payments began in July, according to Treasury. 61 million youngsters got the increased payments in December.

How long does omicron take to develop?

Families get half of their enhanced 2021 credit monthly, with the other half arriving once they submit their taxes. The child tax credit program’s increased part has subsequently expired. The child tax payment reverts to $2,000 per qualified kid for the tax year 2022, bringing the maximum age of eligibility to 17 years old.

Also Read: The U.S. draws down embassy presence in Ukraine as fears of Russian invasion mount

In its nearly $2 trillion social spending package, the Biden administration suggested extending the expanded child tax credit for another year, but the measure remains blocked in Congress.

In a written statement, Deputy Secretary of the Treasury Wally Adeyemo stated, “As tax-filing season starts, Treasury’s priority is ensuring that qualified families may get the full Child Tax Credit.”

“This assistance has helped families pay for basics when they were most in need, and millions of children may continue to benefit by receiving the second half, or the entire amount, of the credit,” he added.

IRS Commissioner Chuck Rettig underlined the significance of people completing proper tax forms online and the ease of seeking direct deposit refunds during a Monday discussion with reporters and tax professionals.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments