Child Tax Credit 2022: What to do if you didn’t get your payment

Child tax credit 2022: What to do if you didn’t get your payment

[ad_1]

ENHANCED federal child tax credits lapsed at the beginning of 2022, but Americans can nevertheless claim the additional money if they didn’t obtain it last year.

The last payment for 2021 was sent to families on December 15.

 RS sent over $1 billion in child tax credit

The amounts were part of the American Rescue Plan, with the first monthly advance child tax credits (CTC) payments sent in July.

Families received an additional $300 per month per child under the age of six, totaling $1,800.

Parents with children ages six to 17 received up to $250 per month per child for a total of $1,500.

Households receiving the advance CTC payments should have disbursed half of their tax credit from July to December.

The other half should have been claimed on 2022 tax returns.

If you’re still waiting on money, there are a few things you can do.

Check with the IRS

The Internal Revenue Service (IRS) set up an online portal for people to check if they’re eligible and enrolled.

See Also:  Social Security Payment 2022: Second half of monthly $1,682 checks to be sent soon

The link will lead you through a series of questions.

First, you’ll be asked if you claimed the child tax credit on your most recent tax return and whether you plan to claim it on your 2021 return if you haven’t already filed.

If “no” is your answer, you do not qualify for advance CTC payments.

Make sure your information is current.

If your information is not up-to-date, that could affect payments.

For example, if only one parent in a married household corrected banking or a mailing address, it could have reduced the payment amount.

Also, parents might have received more money than they qualify for due to outdated tax information from old returns, which could affect your taxes in 2022.

The IRS may not have an up-to-date mailing address or banking information for you.

The US Postal Service may hold up the mailed check, or the direct deposit payment might still be being processed if it was a recent payment.

See Also:  Stimulus Checks 2022 Update: IRS Giving Extension for Americans That Haven’t Claimed Payment

Plus, if you’ve been a victim of tax-related identity theft, you won’t receive child tax credit payments until those issues have been resolved with the IRS.

Did you file a tax return?

If you filed tax returns for 2019 and 2020 and have dependents, you should have received the monthly payments without needing action.

If you have not filed tax returns, you can go to getctc.org.

You’ll file a simplified version of your tax credits there.

The site was created with the backing of the White House and the US Department of Treasury.

Should you contact the IRS?

You may have questions about your child tax credit eligibility, a missing check, or changes to your information.

There’s limited live assistance due to the tax return backlog, delayed stimulus checks, and unemployment tax refunds.

The IRS has not announced a separate phone number for child tax credit questions, but the main number for tax-related questions is 800-829-1040.

Instead of calling, it may be faster to check the IRS website for answers to your questions.

See Also:  Stimulus 2022: Deadline for Americans to apply for $1,000 payment just 5 days away

And remember that the Update Portal can help with eligibility, payment history, and update your personal information online.

Source link

The Benefits Of Personalized Labels For Your Business
About Elijah Lucas 186 Articles
Elijah has done a Master in Computer Science. Elijah is a passionate blogger, technology lover, plays chess, is innovative, likes to express their views via the blog, and is a music lover. Elijah has been blogging since 2011 and has contributed several excellent articles to the internet.