Wondering why youre just hearing about this?
You didnt miss the memo.
The IRSjust announced the deadlineyesterday, April 20.
Why Do I Need to Use the Non-filer Tool for the Child Credit?
So the $1,200 youll get for yourself is processed automatically.
You dont need to take any action on that front.
But the IRS wont automatically get information about your dependents from those agencies.
So you gotta enter their information ASAP to get the $500-per-child credit.
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What Information Do I Need to Use the Non-filer Tool?
Using the non-filer toolis pretty quick and painless.
Youll know most of the information you oughta provide off the top of your head.
Youll still be able to claim the credit, but you wont get it with your coronavirus check.
Youd need to file a 2020 tax return next year.
Then, youd receive $500 as a credit.
But if youre reading this before the deadline, take advantage of the non-filer tool ASAP.
We promise: Getting that $500 sooner will only cost you a few minutes of your time.
Robin Hartill is a senior editor at The Penny Hoarder and a certified financial planner.
She writes the Dear Penny personal finance advice column.
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