Child Tax Credit A Problem For The IRS This Year


The IRS warned it may not be able to start sending child tax credit payments in July.

IRS Commissioner Charles Rettig says the agency is struggling with the traditional tax season, the $1,400 stimulus and other demands that the Democrats' massive new relief package has placed on it.

The one-month tax filing extension, shortened the time that the IRS can devote to creating the child tax credit to families this year.

"We now have one month less to do the development," Rettig said. "The same people who do our income tax processing, EIP (economic impact payment) processing are the people that need to develop that portal. So I don't have the resources to devote to that portal until filing season ends, which is May 17."

One major measures is a one-year enhancement to the child tax credit, which is expected to cut child poverty nearly in half.

"The success of that provision is significantly dependent on how the Internal Revenue Service implements it," said Rep. Lloyd Doggett, Democrat of Texas, noting that it has been described as the most important effort to reduce child poverty in a generation.

Photos by Getty Images


Sponsored Content

Sponsored Content