The U.S government can deliver $1400 coronavirus checks once Congress finalizes a new aid bill and President Joe Biden signs it, according to Reuters. Experts warn the expanded child tax credit increases the Internal Revenue Service’s responsibilities and could delay disbursements.
The proposed bill expands child tax credit of up to $3,000 from $2,000 per child or $3,600 for each kid under the age of six.
Experts warn that a key challenge would be determining whether the children actually lived with their parents, delaying payments.
IRS will pay part of the child tax credit in monthly installments of $250 or $300 from July through December.
Currently, IRS has more than 70,000 employees and handles over 190 million individual, and corporate tax returns a year amid budget constraints and obsolete technology.
IRS has been lauded for ironing out challenges that previously slowed payment rollouts, and Democratic lawmakers are confident payments will go out “in very short order.”
A key priority in the next round of payments is more people signing up for electronic payments to speed up the process.
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