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Child Tax Credit

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Here's Who Will Be Eligible For $5,000 Stimulus Checks Here's Who Will Be Eligible For $5,000 Stimulus Checks
Here's Who Will Be Eligible For $5,000 Stimulus Checks It is unlikely that the federal government will distribute a fresh round of stimulus checks to most Americans again, but some will qualify for some financial assistance in 2022. During the COVID-19 pandemic, eligible Americans received as many as three stimulus checks to help them ride out the pandemic, though a fourth is unlikely, outside of a specific group. Parents who gave birth to a child in 2021 will be eligible for a 2022 stimulus check of up to $1,400, similar to the third round that was issued in March last year. Eligible new parents who inform the IRS they had a baby — or babies …

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by Zak Failla
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COVID-19: Alert Issued For Child Tax Credit Payment Scams COVID-19: Alert Issued For Child Tax Credit Payment Scams
Covid-19: Alert Issued For Child Tax Credit Payment Scams Opportunistic fraudsters have taken advantage of some consumers during the COVID-19 pandemic, this time targeting child tax credit payments that have been sent out to assist families. The IRS recently issued an alert after it began sending tens of millions of dollars to families, though scammers have been attempting to pull a fast one over on some to steal thousands of dollars in federal benefits. According to the IRS, scammers have been reaching out to families using emails, text messages, and through social media, asking to verify personal information to receive the child tax credit payme…

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by Zak Failla
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Alert Issued For Stimulus Check Hoax Promising More Money Alert Issued For Stimulus Check Hoax Promising More Money
Alert Issued For Stimulus Check Hoax Promising More Money Despite some claims on social media, a fourth COVID-19 stimulus check is not on the way to Americans as a scheme continues making the rounds online. Officials are cautioning Americans to be on high alert after being advised of recent Facebook posts that have been shared by hundreds stating that another round of $2,500 stimulus checks have been approved and they may be arriving as soon as Friday, July 30. 
“It passed 10 minutes ago! Everyone gets another stimulus check for $2500 on July 30, 2021. They did it!" reads one July 15 Facebook post that has since received about 500 shares…

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by Zak Failla
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Millions Of Families To Begin Receiving Child Tax Credit Payments From IRS This Week Millions Of Families To Begin Receiving Child Tax Credit Payments From IRS This Week
Millions Of Families To Begin Receiving Child Tax Credit Payments From IRS This Week Millions of families will begin receiving payments from the Internal Revenue Service this week due to the American Rescue Plan’s expansion of the child tax credit.  The Biden administration previously announced families would begin receiving monthly payments beginning in July of up to $250 for each child between the ages of 6 and 17 years old. Families would receive a payment of $300 for each child under the age of 6. The payments are set to begin on Thursday, July 15. Eligible families will receive the full credit if they are a couple filing jointly with an income of $150,000 or…

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by Nicole Valinote