Child Tax Credit Money Comes In, But Some Parents Say IRS By-Passed Them And “It Makes No Sense”


Corrections and Clarifications: An earlier version of this story incorrectly stated child tax credit payment amounts.

After eight days of delay, some families said they finally started seeing money for the September 15 child tax credit payment on Friday. But not everyone got their money on Friday, and oddly enough, some are complaining that the IRS bypassed them this time around.

“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.

Mack is happy to finally see money to cover children’s clothes, the family’s groceries, and other bills, but he wonders why the payment is lower than what was received in July and August.

The family did not receive the September payment on time and he was not sure what had happened.

►You are not alone, says the IRS: Didn’t receive your September Child Tax Credit payment?

►Scam alert: Don’t Fall For This Scam As IRS Child Tax Credit Payments Hit Bank Accounts

Early Friday afternoon, he finally received partial payment. He said it was $ 250 for the two older children, but nothing for the younger, who he said should receive $ 300.

Mack, who works in the oil and gas industry, said his wife’s income fell from around $ 2,000 to $ 2,500 a month after the pandemic struck last year and she had to stop working in retail to home school their children.

“We managed to get out of it, but it has been straining us the whole time,” he said.

The September 15 monthly payment for the advance child tax credit did not arrive as expected for a large group of families. They waited for the money – and all the responses from the Internal Revenue Service.

The IRS did not give a figure on how many families did not receive their monthly tax credit payment for September or why. But the number appears to be significant, given the level of complaints on social media platforms and emails to the Detroit Free Press, which is part of the USA TODAY network, and others.

Sharon Bayn (right), 62, of Detroit chats with Congressional of Communities parents lawyer Cristian Aranda (left) outside Bayn’s home on Junction Avenue in the southwestern neighborhood of Detroit on Thursday 26 August 2021. Bayn said she plans to call a number on the document to find out how to receive the child tax credit for her 15-year-old grandson in her care.

Millions of people received their early child tax credit on September 15, but somehow some problem has caught other people in a strange trap.

Many, like Mack, say they received the advance monthly payments in July and August, then nothing for September.

Mack noted that the family was caught up in another issue 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 early child tax credit instead of direct deposit as has took place in July.

After receiving the August payment by mail, Mack went online to IRS.gov as suggested to verify that his direct deposit information was correct.

Shavaun Tringali, 38, said she too finally received money early on Friday, but her payment was $ 100 missing. The Roseville, Michigan mother expected to receive $ 250 for her 15-year-old daughter, Chloe Fink.

“I was bypassed!” Tringali sent me an email. “And it makes no sense why!”

The story continues below.

Earlier this week, many families who did not receive the money expressed deep concern about the heist.

I heard from a Tennessee grandmother who said the money was needed, given the pandemic and a COVID-19 outbreak in her family.

“We expected this money to help us throughout the month, but to our surprise it never showed up in our bank like the top two,” said Crystal Redmer of Tennessee.

“The best part is when we try to check it in the portal it says eligible and shows the July and August payments but nothing shows up for September,” she said on Tuesday.

A father of a family of five also said their phone service is now down because they believe they can use the September 15 money to cover bills.

Some parents said they had no issues in the past two months, but then adjusted the address or direct deposit information using the IRS.gov tool and encountered issues with the September payment.

The story continues below.

Parents, of course, face a multitude of bills that households without children do not face. School clothes, extra fees for outdoor activities, high cost of healthy meals, child care, college expenses.

At the end of September 17, the IRS said, “We are aware of instances where some people have yet to receive their September payments, despite receiving payments in July and August.”

The IRS then continued, “These individuals may not yet be able to receive a current status on the IRS.gov update portal. The IRS is currently reviewing this situation and we will share more information as soon as possible. . “

The US bailout, which went into effect in March, expanded the child tax credit and offered a new monthly advance payment that the IRS was mandated to issue from July through December.

The next monthly payments are scheduled for October 15, November 15 and December 15.

What’s troubling is when you expect the money to come and it doesn’t.

As the IRS faces a multitude of challenges – including staff shortages – families find themselves facing real financial pressure when the system leaves them hanging.

Many people receiving the credit are working, although some who have no income are also eligible. Rising costs for food, gasoline and other expenses have only increased pressure on household budgets.

A job that pays $ 15 an hour is still only about $ 600 a week before taxes – or $ 31,200 a year – if you can work 40 hours a week for a year.

Working families will get the full credit if they earn up to $ 150,000 for a couple or up to $ 112,500 for a family with one parent (also known as the head of the household).

Most families automatically receive monthly payments of $ 300 for children up to age 5 or $ 250 each for older children without having to take action.

As part of the American Rescue Plan, the maximum child tax credit has been increased from $ 2,000 per child to $ 3,000 per child for children over 6 years old, and from $ 2,000 to $ 3. $ 600 for children under 6. The age limit increased to 17 from 16 to cover more teens.

Only half of the credit will be paid in monthly installments in 2021. The rest will be available when families file their 2021 tax return in 2022.

Contact Susan tompo vthat is to say [email protected]. Follow her on Twitter @trickster.

This article originally appeared on Detroit Free Press: September Child Tax Credit Money Comes In, But Some Say IRS By-Passed Them



Source link

Previous What contributes to having high scores? Here are some dos and don'ts
Next In Your Corner: How Can I Fix My Bad Credit?