Non-tax filer families will soon be able to sign up for the enhanced monthly child tax credit

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Non-tax filer families will soon be able to sign up for the enhanced monthly child tax credit investinyou (In partnership with acorns.)

"I think it is great news that the IRS has clarified publicly that there will be an option for non-filers to claim the child tax credit," said Elaine Maag, a principal research associate at the Urban-Brookings Tax Policy Center,

Those who traditionally don't file tax returns usually have very little income and are exactly the families that the legislation hopes to assist with monthly payments through the credit, she said. The child tax credit was enhanced by the American Rescue Plan, signed into law by President Joe Biden in March. The new enhanced credit increases the annual benefit per child age 17 and younger to $3,000 from $2,000 for 2021. It also gives an additional $600 benefit for children under the age of 6.

 

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acorns This is a fucking joke. This is directed towards non-US citizens.

acorns So don’t pay taxes and get my money for free. Why do we all work again?

acorns Wait, if they are not filing taxes, why are they getting a tax credit? It’s a literally a credit for paying in taxes but yet still not making enough. I guess i don’t understand why you need a tax credit if your not filing to begin with.

acorns Sure why not. Socialism and welfare for all!!! Biden’s America

acorns good luck

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