HOW IT WORKS
WHERE DOES THE MONEY COME FROM
The U.S Treasury funds a program for low income, single mothers, which is administered by the IRS.
The method for obtaining your money is simple… merely allow us to file a tax return with proper information and the IRS will wire your funds.
DO I HAVE TO REPAY THE MONEY
The cash the IRS sends you is not a loan and is not taxable. It’s all yours. It doesn’t get returned.
HOW DO I QUALIFY TO RECEIVE THE MONEY
The rules are complicated, but basically:
- You must be a single mother…
- Your child must have become no older than 18 during 2023… your child must have been born on or before December 31, 2023
- If you have no other children, being pregnant with your first child does not qualify you. You must have given birth on or before December 31, 2023
- You can collect at least $2,000 for each of any number of children who currently or previously lived with you while they were 17 years of age or younger
ABOUT HOW MUCH WILL I RECEIVE
A single mother, who qualifies as ‘Head of Household’ with two children
aged 17 years or younger and an earned income of $18,000 can receive almost $10,000 – this is from the Earned Income Tax Credit (“EITC”) and Child Tax Credit (“CTC”). This number is an estimate only and is subject to several additional rules published by the IRS which we will integrate into your tax return for your final review and approval.
MUST I BE EMPLOYED AND EARN MONEY BEFORE I CAN COLLECT
The CTC funds which you…
receive for your children is not dependent upon earning income. However, the EITC begins at zero and grows larger as your earn more. Generally, once your income exceeds $24,000 the amount of EITC becomes smaller and smaller.
Please remember that the rules are extensive and complicated and the comments and amounts in this website are estimates and averages ONLY.
HOW LONG WILL IT TAKE TO GET MY MONEY
The IRS operates as its own time schedule, and we have…
no control whatsoever over the funding dates. Generally, however, you can expect to receive your funds within four weeks of our efiling your tax return if all data you gave us is correct.
