Congress’ timeline for new program poses challenge for the IRS.
Commissioner Charles Rettig of the Internal Revenue Service has expressed concerns over the implementation of monthly payments under the president’s new child tax credit program. The commissioner told the House Ways and Means Committee that getting the program operational may not be possible by July as authorized by Congress under President Biden’s American Rescue Plan.
The commissioner stated that the backlog of tax return processing, the responsibility for issuing stimulus payments under the recent relief bill, and the one-month tax filing extension announced this past week could potentially delay the launch of the child tax credit payments.
“We now have one month less to do the development,” Commissioner Rettig said. “The same people who do our income tax processing, [economic impact payment] processing are the people that need to develop that portal. So I don’t have the resources to devote to that portal until filing season ends, which is May 17.”
As the Lord Leads, Pray with Us…
- For Commissioner Rettig as he oversees the IRS.
- For the staff of the IRS as they work to fulfill the requirements of the bills passed by Congress.
- For God’s purposes to be fulfilled through the president’s administration.
Sources: Fox News, CNN
