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Stimulus update: Who doesn’t get money from the child tax credit?

Many families received a check or bank deposit from the Internal Revenue Service (IRS) starting July 15

as part of the enhanced child tax credit.

But what about those individuals who did not receive a check on July 15?

According to The Washington Post, there are some circumstances where a taxpayer will not receive money for the child tax credit.

  • A family with a child who turns 18 before Jan. 1, 2022.
  • A family that does not have a daughter, son, stepchild, brother, sister, stepsister, stepbrother, eligible foster child, half sister, half brother, niece, nephew, or grandchild.
  • The child in a family provided more than one-half of his or her own support for 2021.
  • The child is not claimed by the family as a dependent.
  • The child lives with the taxpayer for less than one-half of the tax year.
  • The child is not a U.S. citizen, resident alien, or U.S. national. Note: if the taxpayer is a not a U.S. citizen but a resident alien, or U.S. national, the taxpayer still qualifies for the child tax credit so long as their qualifying children are U.S. citizens.

Most people eligible to receive money from the IRS on July 15 were families up to a certain income threshold filing as a couple, a parent filing as head of household making up to a certain amount, or a single parent filing alone making up to a certain amount.

These people can take advantage of the maximum child tax credit, according to the White House:

  • An eligible family making up to $150,000 filing as a couple
  • A parent filing as head of household making up to $112,500
  • A single parent filing alone making up to $75,000

Those who can take advantage of the maximum amount of the child tax credit will receive up to $300 per child under 6 years old and up to $250 per child between the ages of 6 and 17 in monthly installments through the end of 2021.

This group of people will also be able to take advantage of the other half of the money when they file their 2021 tax return.

In total, these families are eligible to receive up to $3,000 per year for children between 6 and 17 years old, and up to $3,600 per year for children under the age of 6.

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Source: on 2021-07-17 04:31:19

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