One Tax Solution

About 36 million American families on July 15 will start receiving monthly checks from the IRS, as part of the expanded Child Tax Credit. Eligible families will receive up to $1,800 in cash through December — however, the tax credit has a complication that may prompt some families to opt out. 

For more info,

Child Tax Credit: Here’s who will get up to $1,800 per child in cash — and who will need to opt out – CBS News

• You must act by September 30^th to get $500 EIPs for your child this year.
• Most adult Social Security and SSI beneficiaries have already received their EIPs. Adults who started receiving their monthly Social Security or SSI payment on or after January 1, 2020 should receive their $1,200 EIP from the IRS on or by November 6, 2020 without taking action with the IRS. Other adult federal benefit recipients must act by October 15^th to get their $1,200 EIP this year.

As the Oct. 15 deadline approaches, you have a variety of options to consider when paying their federal taxes. Electronic payment options are the optimal way to make a tax payment. Pay with your bank account for free or choose an approved payment processor to pay by credit or debit card for a fee.