Sumary of Non-tax filers can sign up for boosted child tax credit soon, IRS says:
- Parents who don’t typically file taxes – but have children who qualify for a new, expanded tax credit – will soon be able to sign up for the extra cash without the hassle of submitting a return..
- The IRS plans to launch two online portals sometime in June for families to submit their address or direct deposit information in order to receive the monthly payments, which will begin going out on July 15, the House Ways and Means Committee said in a statement Thursday..
- One portal will be specifically for those who do not traditionally file a tax return, including low-income people and individuals receiving federal benefits..
- The other portal will help Americans who filed a 2020 or 2019 tax return provided updated information to the IRS – for instance, if they have more qualifying children, and are therefore entitled to a bigger payment….