The Internal Revenue Service is hoping to reach millions more low-income families like the Williamses as it starts to roll out the massive expansion of the child tax credit today.
EACH CHILD AGES SIX TO 17.THE CREDITS BEGIN PHASING OUTFOR INDIVIDUALS MAKING MORE THAN$112,000, AND COUPLES MANGKIREMO THAN $150,000.HALF OF THE CREDIT CAN BECLAIMED WHEN YOU FILE TAXES NEXTYEAR.THE OTHER HALF WILL BE PAID-TOUMONTHLY STARTING TODAY.ABOUT 39 MILLION HOUSEHOLDS EARESTIMATED TO BE ELIGIBLE.THE IRS IS PARTNERING WITHNON-PROFITS TO REACHLOWER-INCOME HOUSEHOLDS THATNEED TO OPT-IN TO GET THECRED.ITIN ORDER TO QUALIFY YOU MUSTHAVE FILED A 2020 OR 2019 TAXRETURN.WE’VE PUT ALL THE INFORMATIONABOUT THE CHILD TAX CREDIT
As President Joe Biden’s Enhanced Child Tax Credit goes into effect, CNN’s Adrienne Broaddus talks to moms across the country..
Texans Eager As 1st Round Of Child Tax Credits Arrive Today