With the deadline to apply for stimulus checks and the Child Tax Credit nearing the end, nearly 9 million U.S. citizens have yet to request their corresponding payment. This means that there are a large number of Americans who can take advantage of the situation and have not yet done so. In this case, it is a pity that they have not requested it, since it is very easy to do so and anyone who has paid their taxes on time can access these types of payments. If we apply for these checks before the application time is over we will have them very soon to be able to enjoy them. Just by fulfilling one prerequisite is enough to access them.
The IRS determines the people who can receive these stimulus checks, as well as the Child Tax Credits, through the taxes paid. So it is absolutely mandatory to have paid your taxes on time. If you have not done so, you will not be able to get this amount of money. It is something that has no kind of discussion about it, since it is an indispensable condition. As it is a tax refund, people who have not paid it on time will not be able to apply for the claim.
Despite the fact that the deadline to pay the taxes was in the middle of the year, many citizens may have an extension. In addition, the IRS has a website where you can file a quick return, the Free File. Through this address you can file your taxes and then receive your stimulus check or Child Tax Credit check if you are able to receive it. This method will be available until November 15, so you still have time to get everything done.
Can I have an extension to apply for the Child Tax Credit?
There are cases in which it is possible to request an extension to pay the taxes and then apply for the Child Tax Credit. The minimum taxable amount in these cases is $12,550 per year for individuals. If a person earns more than this per year, he or she is obligated to pay taxes. Therefore, many people are not entitled to either stimulus checks or the Child Tax Credit payment because they do not meet the minimum taxable amount.
As for the extension, there is also an exception in places where recent natural disasters have occurred. Thus, many people have until February 15, 2023 to file a tax return. Take a close look at your situation to see if you can exactly apply for one of these checks or not.
Using Free File you can directly access all the information on Child Tax Credit payments in an effective way. With this free tool you will know almost immediately whether or not you are eligible for this financial help for U.S. families.