New Child Tax Credit Non-Filer Sign-Up Tool
IRS has launched a Non-filer Sign-up tool
to help families who don't normally file tax returns register for monthly Advance Child Tax Credit payments. IRS will pay half the total credit amount in advance monthly payments. Taxpayers will claim the other half when they file their 2021 income tax returns. Payments are scheduled to begin on July 15.
This tool provides an easy way for eligible people, who don't make enough income to have a tax return filing obligation, to provide IRS with the basic information needed to figure and issue their Advance Child Tax Credit payments.
It is also designed to help those who don't normally file income tax returns to register for the $1,400 third round of Economic Impact Payments (EIPs), and claim the Recovery Rebate Credit for any amount of the first two rounds of EIPs they may have missed. Read the news release here