IRS chief: Child tax payments likely delayed
(CNN) - Taxpayers hoping to cash in on the newly increased child credit may have to wait a while.
Internal Revenue Service Commissioner Charles Rettig said his agency may not be able to start paying those credits in July, the deadline the massive $1.9 trillion relief law calls for.
Rettig said the IRS is swamped with both the regular tax season and the $1,400 payments provided by the law, which the IRS is also handling.
The new child credit increases the amount of money taxpayers can get for kids from $2,000 to $3,000 and $3,600 for kids younger than 6.
The relief law calls for those credits to be paid out in payments starting in July.
Rettig said he can’t even begin working on a portal for people to claim those credits until the newly extended tax filing deadline of May 17 passes.
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