Parents who don't usually file their taxes may still qualify for advance child tax credit payments.
Over 35 million US working families received advance child tax credit payments last week. But even if you received a check or know that one is on the way, it's best to see if you qualify sooner rather than later. If you're not eligible for the full amount of the credit but still collect it, you may have an unpleasant surprise during tax time next year if the IRS requires you to pay back the money.
The 2021 child tax credit could have a huge impact. For example, an eligible family with a young child and a newborn could collect up to $600 a month through December, plus an additional $3,600 for the two dependents next year. It depends on income and age requirements: Parents with an income of less ...
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