Although the tax season in the United States ended last Wednesday, April 15, the Internal Revenue Service (IRS) reported that the delivery of the refunds is still going, as are the benefits that the federal government offers to some taxpayers when they file their statement on time.
One of those benefits is a check US$1 thousand 700 (Q12 thousand 990) which has become an integrated support in the tax system, designed to alleviate the economic burden of American households that comply with all their obligations tributary and qualify under the ISR criteria, based on family situations.
Therefore, the reimbursement of up to US$1,700 corresponds to the support of the Additional Child Tax Credit (ACTCfor its acronym in English), which is subject to compliance with certain requirements set by the Internal Revenue Service, the agency responsible for collecting taxes and enforcing tax laws.
Given this situation, in order to qualify for the Additional Tax Credit for Children, the taxpayer or his or her spousedepending on whether you file jointly, must have a valid Social Security number for each child, which must be issued before the U.S. tax filing deadline.
Children eligible for IRS refund
As stated by the Internal Revenue Service (IRS), to be considered a child eligible for reimbursement of US$1,700 (Q12,990), corresponding to the support of the Additional Tax Credit for Children, the minor generally must:
- Be less than 17 years at the end of the fiscal year.
- Being unable to contribute more than half of your own livelihood during the fiscal year.
- Having lived with him taxpayer for more than half of the fiscal year.
- Be declared as dependent on your tax return.
- Be citizen American or legal resident in the United States.
The Internal Revenue Service reminds that taxpayers must have earned income of at least US$2 thousand 500 (Q19 thousand 100) to be eligible for support from the Additional Child Tax Credit, therefore, in order to receive this refundthey must present their statement and include the credit that corresponds to them.
How to claim a refund?
The Internal Revenue Service system calculates the amount automatic when all IRS required forms are completed. Faced with this scenario, after sending the declaration, the agency responsible for collecting taxes reviews all the information and, if the taxpayer qualifysend the money by check.
“If you qualify, apply for the Child Tax Credit by listing your children and other dependents on the Form of the United States Individual Income Tax Return and attaching the Schedule of Dependents duly completed”, concluded the Internal Revenue Service on its web platform.