News
Monthly stimulus checks for families with children will begin in July IRS says
Working families can look forward to receiving monthly stimulus checks as early as July, according to the IRS.
Working families can look forward to receiving monthly stimulus checks as early as July, says the IRS.
Within President Biden’s $1.9 trillion
COVID-19 relief package, families can expect up to $3,600 per child in 2021, according to Yahoo! Finance.
The check is is aimed to help parents take care of basic bills and/or pay down debt.
Yahoo! Finance reports, every household with children that qualified for the recent $1,400 stimulus payment can expect to receive the money as a result of a temporary expansion of the child tax credit.
How Does The Monthly Stimulus Checks Work?
Families headed by a couple earning less than $150,000 or an individual making under $75,000, will get a $250 monthly payment for each kid ages 6 to 17, from July through December. For children under 6, they’ll receive $300.
In total, depending on the children’s ’s age, families can receive up to $3,600 within this year.
For families of newborn children, you can expect to receive $550 every month from July to December.
For those currently expected, the relief bill proposes the IRS build a portal for families to update their information, which will hopefully be up and running by July.
If you don’t give the IRS an update through the portal, you’ll have to wait until you file your 2021 taxes to claim the $3,600 credit for your family newcomer.
Discover more from Unheard Voices Magazine
Subscribe to get the latest posts sent to your email.
-
Black And Missing1 week ago
Morehouse College student Kyle Coleman found dead after Virginia crash
-
Culture4 days ago
Brooklyn community rallies behind beloved shoe shiner Byron Neal known as “The Light on the Corner”
-
Black And Missing6 days ago
Search continues for missing 10-year-old Arkansas girl swept away in Florida waters
-
Beauty & Fashion7 days ago
Young mother dies after cosmetic surgery complications
-
Culture2 weeks ago
Exclusive : South Carolina sneak preview of ‘40 ACRES’ at Saloma Acres in Blythewood
-
Social Justice17 hours ago
Family of Jabari Peoples Demands Answers After Fatal Police Shooting in Alabama
-
Crime & Justice2 weeks ago
One dead after shooting during concert on Long Branch, New Jersey beach
-
Crime & Justice1 week ago
Outrage grows over brutal attack on teen at California concert