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IRS contacting families possibly eligible for monthly payments

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WASHINGTON - The IRS says it has started sending letters to more than 36 million American families who may be eligible to receive monthly Child Tax Credit payments starting in July.The expanded and newly-advanceable Child Tax Credit was authorized by the American Rescue Plan Act signed by President Joe Biden and enacted in March.

The letters are going to families who may be eligible based on information they included in either their 2019 or 2020 federal income tax return or who used the Non-Filers tool last year to register for an Economic Impact Payment.DOWNLOAD THE FOX 7 AUSTIN NEWS APPFamilies who are eligible for advance Child Tax Credit payments will receive a second, personalized letter listing an estimate of their monthly payment,.

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