by Dana George | Published on July 1, 2021
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Whether or not you are required to file taxes, you are still eligible for Child Tax Credits.
Beginning July 15, families across the country will begin receiving monthly Child Tax Credit payments. The credit has been increased to $3,000 per child ages 6 to 17 and $3,600 per child under age 6 -- up from $2,000 per child.
The plan is for families to receive one-half of the credit between July and December of 2021 and claim the other half when they file their 2021 tax returns. Say a family has one 3-year-old child. Half of the Child Tax Credit would be $1,800 ($3,600 ÷ 2 = $1,800). Broken down into six monthly payments, that means this family would receive $300 per month through the end of the year. They can claim the other half of the credit (another $1,800) when they file 2021 taxes.
Here's what you should know about the Child Tax Credit if you don't earn enough to file a tax return.
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Families who are not required to file a tax return are still eligible to receive the Child Tax Credit. You are not required to file a tax return if you are:
If you're receiving federal benefits like SNAP and WIC, signing up for the Child Tax Credit will have no impact on them. That's because the Child Tax Credit does not count as income and won't change your eligibility status.
Signing up is as easy as logging onto the IRS Child Tax Credit Non-filer Sign-up Tool and following the prompts.
Note: If possible, log in from a desktop or laptop computer. Advocacy groups say that the site is difficult to navigate from a mobile device.
According to the IRS, here's the information you will need to provide:
If you're not required to file income taxes and for some reason missed out on any of the direct stimulus payments, you are still due the funds. The good news is that you can use the same tool (IRS Child Tax Credit Non-filer Sign-up Tool) to claim missing stimulus funds.
According to the IRS, you should not use this online tool if you:
These Child Tax Credit payments could be life-altering for some families, providing funds for basic living expenses. If your family is one of them, take this opportunity to sign up.
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