White House: File your taxes to get full child tax credit
Published date | 08 February 2022 |
Publication title | The China Post |
The Biden administration is kicking off an outreach campaign to get millions of families to file their taxes - so they can receive the second half of payments from the expanded child tax credit.
Vice President Kamala Harris, Treasury Secretary Janet Yellen and White House senior adviser Gene Sperling are hosting a virtual event Tuesday to encourage people to send their tax forms to the IRS, including those whose incomes are so low that they might not have traditionally filed.
Several lawmakers and nonprofits are taking part in the event, and there are plans to hold events in all 50 states and Puerto Rico during the tax filing season, according to a White House official who insisted on anonymity to discuss the forthcoming plans.
As part of the $1.9 trillion coronavirus relief package, President Joe Biden increased the child tax credits to $3,600 annually for each child aged 5 or under and $3,000 for those who are age 6 to 17. The government began to send the payments out on a monthly basis starting last July, meaning that there are six months worth of payments waiting to be claimed by people filing their taxes.
The payments would come at a moment when families are coping with rising prices for food, gasoline and other goods relative to a year ago...
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