The expansion of the child tax credit brings questions, and you can get them answered this weekend at information sessions in Tampa Bay.
The expansion of the credit that has brought sudden deposits — of up to $250 per child ages 6-17, and $300 per child under 6 — were such a delight to many parents that the hashtags #childtaxcredit and #childtaxcredit2021 blew up on TikTok.
The United Way and the IRS are holding informational sessions to help families understand the child tax credit payments and Economic Impact Payments.
They will be held Friday from 9 a.m. to 2 p.m. at the Sulphur Springs Resource Center, 8214 N 12th St., Tampa.
Bring social security numbers for all parents and children, an email and house mail address, and bank information to receive payment by direct deposit.
There is also a session Saturday from 10 a.m. to 7 p.m. at the IRS office at 3848 W Columbus Drive, Tampa.
Free tax preparation is also available.
Approximately $15 billion is being directly deposited to the accounts of parents of nearly 60 million children, or mailed to them, under a provision of the American Rescue Program as part of the Biden administration program.
Families that otherwise wouldn’t have received a child tax credit will now receive payments starting this month because they signed up for Economic Income Payments last year. Eligible families who did not sign up in time to receive their child tax credit in this first round of payments can receive increased monthly payments to catch up for the previous months after they sign up, according to an IRS news release.