Seven months ago, the United States stopped sending out monthly enhanced monthly child tax credit payments. This was a great benefit to many people who were having a hard time in 2021. These payments reached millions of families with Social Security numbers over the past year. They managed to alleviate, in a way, the economic part of the pandemic. With inflation and the stagnation of Social Security in this year 2022, the United States Government is thinking of sending new economic benefits.
These benefits would be a maximum of $350 per child. But they will not be granted to everyone equally, since they will ask for some requirements, among which it is important to have a Social Security number. Certainly this is easy to get, but it is not the only requirement to get the Child Tax Credit.
What are the requirements for the Child Tax Credit besides a Social Security number?
Although it is not yet certain that we will be able to receive the Child Tax Credit through our Social Security number, we do know the prerequisites. These requirements were the ones needed for the previous time, so it is very possible that this time they will be the same. These requirements are:
Have a Social Security number: this is easy to get, as well as free. It is also mandatory that your child has one.
Having a job: this benefit is actually a tax reduction, so if you do not work there is no way to reduce those taxes.
A fixed and reliable address: It is also mandatory to have a fixed home address in order to receive all the benefit information.
Bank account information: The last of the mandatory requirements is to have a bank account. This means that you cannot receive the money in physical checks or Direct Express type cards, as would happen with Social Security.
If you meet these requirements, you are ready to apply for the Child Tax Credit when it finally goes live. This will not happen in all states, as it will only take place in some of them.
Where will we be able to apply for this tax break?
The states that are considering reapplying are as follows:
So, if you are employed, have a Social Security number, a fixed address and a bank account, you may be able to get one of these benefits when they come into effect. Each state will have a different benefit, so check your local office for more information.