New IRS Tool Aims to Make It Easier to Check Whether a Family Qualifies for Expanded Child Tax Credit

By:
Chris Gaetano
Published Date:
Jun 25, 2021
family-960451_1920

The IRS has launched a new tool meant to make it easier for people to check on whether they are eligible for the expanded child tax credit. Available exclusively on IRS.gov, the new Child Tax Credit Eligibility Assistant, launched earlier this week, was designed to be interactive and easy to use. By answering a series of questions about themselves and their family members, parents or other family members can quickly determine whether they qualify for the credit. The IRS said that anyone can use this tool, but those who'd find it most useful are people who generally don't file a return each year.

"This new tool provides an important first step to help people understand if they qualify for the Child Tax Credit, which is especially important for those who don't normally file a tax return," said IRS Commissioner Chuck Rettig. "The eligibility assistant works in concert with other features on IRS.gov to help people receive this important credit. The IRS is working hard to deliver the expanded Child Tax Credit, and we will be rolling out additional help for taxpayers in the near future. Where possible, please help us help others by distributing CTC information in your communities."

The IRS noted that it that does not request any personally identifiable information (PII) for any family member. For that reason, its results are not an official determination by the IRS. Though the results are reliable, if the questions are answered accurately, they should be considered preliminary. Neither the answers supplied by the user, nor the results, are retained by the IRS.

The IRS also said that it has released a new Child Tax Credit Update Portal. Initially, this tool only enables people who have been determined to be eligible for advance payments to see that they are eligible and unenroll from (opt out of) the advance payment program. Later, it will allow people to check on the status of their payments and make updates to their information, including their bank account information. Later this year, the tool will also be available in Spanish.

The IRS previously released another tool for nonfilers to also register with the IRS to ensure they get the credit, which was critiqued for a lack of user-friendliness by those who it was ostensibly meant to help.

Click here to see more of the latest news from the NYSSCPA.