- The American bailout plan, which went into effect in March, expanded the child tax credit and offered a new monthly advance payment that the IRS was supposed to issue from July through December.
- The IRS did not provide a figure for how many families did not receive their monthly tax credit for September or why
- Parents look at a variety of bills that households without children don’t face. School attire, additional fees for outdoor activities, the high cost of healthy meals, day care, study expenses.
After eight days of delay, some families said they finally received money on Friday to pay the September 15 child tax credit. But not everyone got their money on Friday, and strangely enough, some are complaining that the IRS shorted them out this time.
“We got $ 500. We should get $ 800,” said Travis Mack, 46, who lives in Essex, New Mexico.
The family has three children aged 8, 7 and 4 years.
Mack is happy to finally see money to cover kids’ clothing, family grocery shopping, and other bills, but wonders why the payment isn’t as high as it was in July and August.
The family didn’t receive the September payment on time and he wasn’t sure what had happened.
►You are not alone, says IRS:Didn’t receive your child tax credit in September?
He finally received a partial payment early on Friday afternoon. He said it was $ 250 for the two older children, but nothing for the youngest, which he said should be $ 300.
Mack, who works in the oil and gas industry, said his wife’s income fell by about $ 2,000 to $ 2,500 a month when the pandemic broke out last year and she had to stop working in retail to care for their children Home teaching.
“We did it, but it was a strain on us all along,” he said.
The monthly payment of the child advance payment on September 15th did not reach a large group of families as planned. They waited for the money – and possible answers from the Internal Revenue Service.
The IRS did not provide a figure for how many families did not receive their monthly tax credit for September or why. However, given the numerous complaints on social media platforms and emails to the Detroit Free Press, owned by USA TODAY Netowrk and others, the number seems to be substantial.
Millions of people received their child tax advance on September 15th, but somehow a mishap has lured others into a strange trap.
Many, like Mack, say they received the monthly prepayments in July and August, and then got nothing for September.
Mack found that the family had broken down again in August.
The August payment, then scheduled for August 13, was delayed for more than 4 million people who ended up receiving checks for their August child tax prepayment, rather than a direct deposit as in July.
As suggested, after receiving the August payment in the mail, Mack went online to IRS.gov to verify that his direct deposit information was correct.
Shavaun Tringali, 38, said she too finally received money early Friday, but her payment was close to $ 100. The mother from Roseville, Michigan, had expected $ 250 for her 15-year-old daughter, Chloe Fink.
“Shorted!” Tringali sent me an email. “And it doesn’t make sense why!”
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Earlier this week, many families who did not receive the money expressed great concern about the robbery.
I heard from a grandmother in Tennessee who said the money is needed in her family in the face of the pandemic and a COVID-19 outbreak.
“We expected this money to help us all month, but to our great surprise it never showed up in our bank like the first two,” said Crystal Redmer of Tennessee.
“The best part is that when we try to check it on the portal, it is authorized and it shows the payments for July and August but it doesn’t show anything for September,” she said on Tuesday.
A father of a family of five also said their phone service was now turned off because they thought they could use the September 15 money to pay the bills.
Some parents said they hadn’t had any problems in the previous two months, but then they adjusted the address or direct deposit information using the tool at IRS.gov and had problems with the payment in September.
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Parents, of course, look at a variety of bills that households without children don’t face. School attire, additional fees for outdoor activities, the high cost of healthy meals, day care, study expenses.
In late September, the IRS said, “We are aware of cases where some people still haven’t received their payments in September, even though they received payments in July and August.”
The IRS then went on to say, “These individuals may not yet be able to get updated status on the IRS.gov Update Portal. The IRS is currently investigating this situation and we will share more information as soon as possible.”
The American bailout plan, which went into effect in March, expanded the child tax credit and offered a new monthly advance payment that the IRS was supposed to issue from July through December.
The next monthly payments are scheduled for October 15th, November 15th and December 15th.
Worrying is when you expect money to arrive and not to arrive.
While the IRS faces a number of challenges – including staff shortages – families get into real financial straits when the system leaves them hanging.
Many people who receive the loan are gainfully employed, but some who have no income also qualify. Rising costs for groceries, gasoline, and other expenses are only adding to the strain on household budgets.
A job that pays $ 15 an hour still only makes about $ 600 a week before tax – or $ 31,200 a year – when you can work 40 hours a week for a year.
Working families get full credit when they earn up to $ 150,000 for a couple or up to $ 112,500 for a family with a single parent (also known as the head of the household).
Most families automatically receive monthly payments of $ 250 for children ages 5 and under, or $ 300 each for older children, with no action taken.
The American Rescue Plan increased the maximum child tax credit from $ 2,000 per child to $ 3,000 for children over the age of six and from $ 2,000 to $ 3,600 for children under six. The age limit has been raised from 16 to 17 to cover more young people.
Only half of the balance will be paid out in monthly installments in 2021. The rest will be provided when families file their 2021 income tax returns in 2022.