(CNN) The head of the Internal Revenue Service warned Thursday that it may not be able to start sending child tax credit payments in July, as called for by the $1.9 trillion relief law . The roughly one-month tax filing extension , announced this week, further shortened the time that the IRS can devote to creating a portal to allow it to send the child tax credit to families periodically this year, instead of as a lump sum at tax time. The key change is that the tax credit will become fully refundable so that more low-income parents can take advantage of it. President Joe Biden and Democrats are already pushing to make the changes to the child tax credit permanent, rather than just for 2021. Tax break for the unemployedRettig also said that the jobless who have already filed their tax returns should not file amended returns to claim the stimulus' package tax break on unemployment compensation.
Source: CNN March 19, 2021 13:52 UTC