'Wall Street' columnist Bill McGurn tells 'Fox Business Tonight' the tax credit is 'a bad precedent' for families The IRS is missing the required information for millions of American households that could potentially qualify to receive the expanded Child Tax Credit, a new report shows. About 4 million or more children in low-income families risk missing out on the monthly payments this year if the IRS does not receive their identification and payment information, according to the Center on Budget and Policy Priorities. Many of these families became eligible for the first time under the terms of the American Rescue Plan.