The temporary benefit will be sent to 39 million households and covers 88% of US children. When can you receive the credit?įamilies of more than 65 million children will begin receiving monthly payments of the new and improved child tax credit stimulus of up to $300 on July 15, the Joe Biden administration announced Monday, May 17. The tax return can be filed online from January 24 to April 18 and the IRS will begin sending payments in mid-February. People who have obtained half of the aid in 2021, as well as parents who did not request advance payments, will be able to obtain the $3,600 or $3,000 dollars for dependents as long as they meet with the election criteria. Who can receive the full Child Tax Credit in 2022? Once the tax return is filed, all they have to do is wait for the payment to arrive. Parents will receive IRS letter 6419 containing complete information on the amount they received from the credit and once they have it, they will have to complete Schedule 8812 of the 1040 form to obtain the remainder of the payment. To obtain the remainder of the aid, interested parents must file their tax returns beginning January 24, which is when the IRS begins receiving them.
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