It’s important to know whether the advance Child Tax Credit (ACTC) payments will affect any government benefits you may be receiving. The short answer is “no.” That’s because ACTC payments don’t count as income when a program is determining if you or anyone else is eligible for benefits or assistance. They also can’t use the payments [...]
You may be wondering what you need to do to receive advance Child Tax Credit payments. The short answer is - generally nothing, unless you don't normally file a tax return. If you're eligible to receive advance Child Tax Credit payments based on your 2019 or 2020 tax return, or information you entered into the Non-Filers [...]
You may be wondering what advance Child Tax Credit (ACTC) payments are. ACTC payments are early payments of 50 percent of the estimated amount of the Child Tax Credit that you would normally claim on your 2021 tax return. If you're eligible and the IRS has processed your 2019 or 2020 tax return, your advance payment [...]
Don't have your IRS account set up yet? It's easy to do. Go to IRS.gov/account, verify your identity, and then simply create your account. Once your IRS account is set up, here's what you can do with it: Control who can represent you before the IRS or who can see your tax records. Access a tax [...]
Thieves use email, telephone, and social media for various online scams. They also send fake text messages, known as smishing. Remember that the IRS will not contact you by text message or social media and ask for personal or financial information. The IRS will also not initiate contact by phone or email. If the IRS needs [...]
