An $1800 Incentive Check Could Come Before Christmas
Just before Christmas, another stimulus check is coming for some Americans, but the rules for eligibility are more specific than ever. The last batch of Payments child discount 2021 will be distributed on Wednesday 15 December. Depending on how they chose to take that money, some recipients gets a whopping $1,800.
The children’s tax credit was part of the $1.9 trillion stimulus package passed by Congress earlier this year designed to help families through the COVID-19 pandemic. Most eligible recipients are receive monthly payments since July for $250 to $300 per child under 17. However, some had to confirm eligibility with the IRS, delaying the start of payments and thereby increasing the total amounts. Others chose to take one lump sum rather than spread payments over the last six months.
Somehow, the child tax credit was designed to give families a total of $3,000 for each child between the ages of 6 and 17, and another $2,000 to $3,600 for each child under the age of six. The plan was to divide half of this money into monthly payments for July to December 2021, then include the other half in tax returns filed in early 2022. The IRS has issued a statement to BGR this month saying that many families who signed up before November 15 will get a lump sum for all monthly payments missed in December.
“This means a payment of up to $1,800 for each child under the age of 6,” the agency said. “And up to $1,500 for each child ages 6 to 17. This is the same total amount most other families received in up to six monthly payments that started in July.”
All eligible stragglers who didn’t apply by the November 15 deadline will still get their money, but in one lump sum with their tax returns next year. Meanwhile, Chairman Joe BidenThe Build Back Better plan includes an expansion of this child tax relief program so that there could be more help for families by 2022. This plan would consist of 12 small monthly payments starting in January and would cover 90 percent of U.S. households with children. The plan is still under discussion among lawmakers. For full information about the child discount, please visit: the IRS website here.