The IRS just released itsNon-Filer Sign-up Toolfor the child tax credits.
What Is the Non-Filer Tool and How Do I Use It?
For people who have to file taxes, the IRS receives this information from their tax returns.
This post refers to child tax credit payments issued in 2021. For the most up-to-date info, check out ourrecent tax articles.
But some people arent required to file taxes because they have little or no income.
The feature was originally developed to distribute the first round of stimulus checks to non-filers.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
Who Should Use the Non-Filer Tool?
How Can I Update My Information With the IRS?
Dont use the non-filer tool to update information thats already on file with the IRS.
The IRS will release a Child Tax Credit update portal later this month.
Half of the credit will be paid each month from July through December.
The remaining half will be paid out as a tax credit next year.
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder.
She writes the Dear Penny personal finance advice column.
Send your tricky money questions to[email protected].
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
