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'So those families that make $2,000 a year adjusted income or don't work at all generally don't file their taxes. 'To receive aid, you're going to have to file your taxes,' Nuñez says. Nuñez estimates that somewhere around 35 or 40 percent of children who live in poverty also live in households that don't file taxes. Then, there's the challenge of finding all the people who should receive the money, communicating to them that this money is out there and they qualify for it, and then getting them into the system. But sending out money regularly presents its own challenges. The second round went relatively smoothly, and the third round's ongoing distribution appears to progress nicely as well. The distribution of the first stimulus check led to plenty of issues.

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Sending out checks has depended on old hardware and a software programming language not much used in decades.

The IRS will use much of the same technological infrastructure they're using to send out stimulus checks. So they're also fairly poorly funded at this point.' There's also been at least a decade of underfunding. It's just not something that they've done historically. 'The IRS is not set up currently to provide regular monthly payments or regular quarterly payments. 'They're going to be standing up a program that is very operationally complex,' according to Nuñez. That's a big reason why payments aren't scheduled to start until July. (Nuñez studies cash welfare policy, which includes fieldwork to answer policy-relevant questions about the social safety net.) 'Much more generous, fully refundable, no longer any work requirement and the possibility that it would be paid out on either a quarterly or even monthly basis.' What Could Delay The Program?Ī program to distribute periodic checks to millions of families brings with it plenty of administrative challenges. 'Big changes to the way that the tax credit is structured,' says Stephen Nuñez, the Lead Researcher on Guaranteed Income at the Jain Family Institute, an applied research organization in the social sciences.

The couple would then receive the $3,300 balance - $1,800 ($300 X 6) for the younger child and $1,500 ($250 X 6) for the younger child - as part of their 2021 tax refund. Those checks would last through December. That's $300 per month ($3,600 / 12) for the younger child and $250 per month ($3,000 / 12) for the older child. The IRS could send them a monthly check for $550 starting in July. Payments will start to phase out beyond a $75,000 annual income for individuals and beyond $150,000 for married couples.įor example, suppose a married couple has a four-year-old and an eight-year-old and earns an annual joint income of $120,000.

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In other words, qualifying families will receive the full amount, regardless of how much - or little - they owe in taxes.

(Many expect that 'periodic' will actually mean monthly or possibly quarterly, but the IRS still has to determine that.) The benefit will not depend on the recipient's current tax burden. Payments will be issued automatically from July to December of 2021, with the remainder issued when the recipient files their 2021 taxes. How does Will A Revised Child Tax Credit work?Īccording to the stimulus package, the Internal Revenue Service (IRS) will pay out $3,600 per year for each child up to five years old and $3,000 per year for each child ages six through 17. But that can only happen if the government can get the program going. The change will lift millions of children out of poverty. What was once $2,000 per child received at tax time will become $3,600 divided up and distributed periodically. The American Rescue Plan Act, which recently became law, increases the Child Tax Credit and changes its distribution. ( CBS Detroit) - Sometime later, in 2021, raising a child will become a little cheaper for most Americans.

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