Finance Secretary Larrisa Larson said yesterday that close to half a million dollars of child tax credit checks for some 350 taxpayers were released on Friday\u2014welcome news for parents who have yet to receive their children\u2019s share of the federal program funding.<\/p>\n
There are also parents who just learned from Finance\u2019s Revenue and Taxation Division that their applications have deficiencies so they may have to wait a little longer for their checks to be released.<\/p>\n
Julius Pagaduan, a father of four, said Rev&Tax told him Tuesday that they needed validation of his Social Security number which he immediately provided, hoping that it was the only thing that\u2019s keeping the division from releasing his child tax credit check.<\/p>\n
He said he expects some $3,000 in child tax credit check, which he relies on for his four children\u2019s additional school needs.<\/p>\n
\u201cGood thing I checked on Tuesday, and that\u2019s when they told me there\u2019s a deficiency. I hope they will release our checks soon since I corrected the deficiency,\u201d Pagaduan, a San Jose resident who works as a security guard, told Saipan Tribune yesterday.<\/p>\n
Susan Sy, of Navy Hill, separately said yesterday that when she checked with Finance on Friday, she also found out that there was a deficiency in their application so she corrected the deficiency that same day.<\/p>\n
\u201cEarly on, I was hoping that I\u2019d get the checks, but because of the deficiency which I corrected on Friday, maybe I have to wait a little while longer,\u201d said Sy, whose two children are enrolled in a private school.<\/p>\n
The mother of two said she looks forward to the child tax credit checks to be able to pay for her children\u2019s registration and book fees.<\/p>\n
Another Navy Hill resident, a 39-year-old mother of two, said she hopes she\u2019s one of the estimated 350 taxpayers whose checks were released on Friday.<\/p>\n
\u201cI haven\u2019t paid my children\u2019s book fees yet and I\u2019m waiting for the child tax credit check to pay for that. The check will also go into defraying costs for the school uniform, school fees and other school expenses,\u201d she said. Her two children are in private school.<\/p>\n
Friday\u2019s release of checks was the fourth batch of child tax credit checks, the Finance secretary said.<\/p>\n
Larson said the Department of Finance submitted its fifth batch to the IRS about a week ago. Because IRS had to close fiscal year 2011, \u201cthere is going to be a slight delay in the release of the fifth batch.\u201d<\/p>\n
\u201cWe expect to receive that next batch when the IRS starts their new fiscal year in a week or so,\u201d Larrisa told Saipan Tribune.<\/p>\n
She also said that Finance has processed \u201calmost all of the child tax payments that are pending to date.\u201d<\/p>\n
\u201cSo if taxpayers are expecting child tax credit payments and have not received them by October 15th, we would like to ask for taxpayers to call the Division of Revenue and Taxation and see if there is a correction and\/or amendment that needs to be made to their return,\u201d Larson added.<\/p>\n
Since early September, Finance has already released some 5,000 child tax credit checks worth up to $6 million. <\/p>\n
The first batch alone included some 3,500 checks\u2014the biggest bulk of checks whose release coincided with the first week of opening of public schools in early September, providing relief to many parents who rely on the child tax credit check to buy school supplies and help pay for tuition.<\/p>\n
The federal child tax credit is available to taxpayers who have a child under the age of 17. It is worth up to $1,000 per \u201cqualifying\u201d child.<\/p>\n
In general, a \u201cqualifying\u201d child is any individual for whom the taxpayer can claim a dependency exemption and who is the taxpayer\u2019s son or daughter, stepson or stepdaughter, brother or sister, or eligible foster child.<\/p>\n
Lt. Gov. Eloy S. Inos earlier said after the child tax credit checks are released, the Fitial administration will start looking at tax rebate and refund checks, which he said will be released no later than December. <\/p>\n","protected":false},"excerpt":{"rendered":"
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