Days after the IRS published details of how it was expanding an existing benefit for American parents known as the Child Tax Credit, the Democrats Abroad hosted a webinar on the subject that it said was aimed at "helping American families abroad" to access it.
As reported, the IRS has said that American expatriates with children under the age of 17 "generally won't" be eligible to receive the expanded monthly Child Tax Credit payment amounts that are about to begin being provided under the Biden Administration's so-called American Rescue Plan, although they should be able to continue to receive the amount that has been available to them until now under the program.
Rebecca Lammers, a Democrats Abroad UK Tax Committee member, said the webinar had been arranged because many American expats aren't even aware that they're eligible for the U.S. Child Tax Credit, which can be worth as much as US$1,400, depending on their household income – even if they aren't able to receive the full US$3,000 that their Homeland counterparts may get.
Among the topics the webinar covers are the basics of applying to receive the Child Tax Credit; how to figure out what payments a family is eligible to receive, and when; how receiving the CTC would impact an expat American taxpayer's parental leave income; how to register a birth from abroad; and how to obtain a Social Security Number in order to claim the Child Tax Credit.
Click here to sign up to receive the American Expat Financial News Journal's free weekly news bulletin, and occasional breaking news bulletins
- Expats worry about IRS crackdown, as Congress sends Inflation Reduction Act to Biden for enactment
- Thursday Strafford webinar for tax professionals to provide 'in-depth discussion' of key U.S. expat issues
- Rep Maloney's 'Same Country Exception' FATCA bill reported 'not adopted' as defense bill amendment
- Recording of last week's 'Meet the Candidates' Zoom panel discussion now online
- 'Meet the candidates' Zoom panel discussion for New York City expat Dems set for today