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Child tax credit latest – IRS payment begins hitting parents’ accounts NOW with 35m families benefiting from stimulus

WHO QUALIFIES FOR THE CTC?

Families with kids under the age of six will receive $300 per child.

Those with kids between ages six and 17 will get $250 for every child.

To get the full benefit, single taxpayers must earn $75,000 or less.

However, the payments will phase out by $50 for every $1,000 over that threshold.

For couples to meet the benefit requirements, they must make less than $150,000.

Meanwhile, other families who requested by paper check should allow up to a week to receive it via postal mail.



Source: on 2021-08-27 10:13:18

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