Schodack CSD Families, have you heard about the Advance Child Tax Credit? It’s part of the federal government’s American Rescue Plan and its aim is to help families with children make ends meet.
Who is eligible for the Child Tax Credit?
Working families will get the full credit if they make up to $150,000 or less for a two-parent/guardian household or up to $112,500 or less for a single-parent/guardian household.
Starting on July 15, 2021, and through the rest of the calendar year, payments will be made monthly at the rate of $250 for each child ages 6-17 and $300 for each child under age 6.
What do Schodack families need to do to receive payments?
Schodack families who filed their 2020 tax returns already, filed 2019 taxes last year or used the IRS “Non-Filer Portal” to get a federal stimulus check last year don’t need to do anything.
For those not required to file taxes and therefore didn’t file a return in 2019 or 2020, use the IRS Non-Filer Tool here or below to sign-up for the Child Tax Credit.
Helpful Links About the Child Tax Credit:
ChildTaxCredit.gov: Federal government’s primary page about the Child Tax Credit
IRS Non-Filer Tool: If you are not automatically enrolled to receive the Child Tax Credit because you are not required to file tax returns, use the Non-Filer Toll to sign up.
ZIP Code-Level Data on Eligible Non-filers from the U.S. Department of the Treasury