The IRS has launched a new online tool that can help families determine whether they qualify for the Child Tax Credit and the special monthly advance payments that begin on July 15. The interactive tool is called the "Advance Child Tax Credit Eligibility Assistant" and it can be accessed here.
In order to determine if you're eligible for the payments, you'll need to answer a series of questions about yourself and your family members. The tool can be used by anyone, but the IRS states "it may be particularly useful to families who don't normally file a federal tax return and have not yet filed either a 2019 or 2020 tax return."
Using this tool can help these parents decide whether they should take the next step and register for the CTC payments on another new IRS tool unveiled earlier (called the "Non-Filer Sign-Up Tool").
The IRS explained that most families don't need to take any action. Eligible families who already filed, or plan to file, 2019 or 2020 income tax returns shouldn't use the Non-Filer Sign-Up Tool. Once the IRS processes their 2019 or 2020 tax returns, the information will be used to determine eligibility and issue advance payments.