Child tax credit 2022 update – Automatic double ‘$3,600 stimulus’ checks could come THIS MONTH after 2021 payments end

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LAWMAKERS could decide to issue new payments to make up for missed child tax payments in January.

President Joe Biden is workshopping a bill that could reinstate the payments if passed, and make up for the money parents don’t see in January, White House Press Secretary Jen Psaki said.

“If we get it done in January, we’ve talked to Treasury officials and others about doing double payments in February as an option,” she said.

Families could be getting new “$3,600 stimulus” payments when tax returns are filed this year, following the end of direct 2021 check boosts.

Although most families received six advance child tax credit payments in 2021, worth up to $1,800 per kid, they could now receive up to $3,600 per child under the age of six when tax returns are filed in April.

The payments are part of the child and dependent tax credit. The credit is to help families provide care and support for their children by covering other costs.

The amount is up to $3,000 per child for parents with dependents between the ages of six-17.

Read our Child Tax Credit live blog for the latest news and updates...

Source: The Sun

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