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If I filed a nonfilers income tax, should I have canceled the advanced child tax money that the IRS is depositing into our accounts? I have not worked for years

 
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If I filed a nonfilers income tax, should I have canceled the advanced child tax money that the IRS is depositing into our accounts? I have not worked for years

The expanded and newly-advanceable Child Tax Credit for 2021 was authorized by the American Rescue Plan Act, enacted in March of 2021. Part of this expansion is to advance a portion of the 2021 tax credit to families by sending them direct payments during 2021 rather than having them wait until they prepare their 2021 taxes in 2022.

 

Most families do not need to do anything to get their advance payment. Normally, the IRS will calculate the payment amount based on your 2020 tax return. Eligible families will receive advance payments, either by direct deposit or check.

 

These payments are an advance of your 2021 Child Tax Credit. The amount that you receive will be reconciled to the amount that you are eligible for when you prepare your 2021 tax return in 2022. Most families will receive about one-half of their tax credit through the advance payments. If you receive too little, you will be due an additional amount on your tax return. In the unlikely event that you receive too much, you might have to pay the excess back, depending on your income level.

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Destiny_Y_JD
Employee Tax Expert

If I filed a nonfilers income tax, should I have canceled the advanced child tax money that the IRS is depositing into our accounts? I have not worked for years

Even if you have $0 in income (non-filer), you can receive advance Child Tax Credit payments if you are eligible. 

For information regarding eligibility, see Topic B: Eligibility for Advance Child Tax Credit Payments and the 2021 Child Tax Credit.

To see if you’re eligible for advance payments, use the Advance Child Tax Credit Eligibility Assistant

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