LAWMAKERS could decide to issue new payments to make up for missed child tax payments in January.
“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.
If you had a newborn baby in December, you may also be able to claim up to $3,600.
Read our Child Tax Credit live blog for the latest news and updates...
Source: The Sun
35 total views, 1 views today