Sleeping Cobra
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What these six checks amount to is an advance, up-front payment of half of the federal child tax credit. Normally, an eligible family would get this benefit next year when they file their federal tax return. Because of the pandemic that’s still raging, though, Congress set up a mechanism for people to enjoy some of that benefit now. Congress also raised the maximum credit, from $2,000 to up to $3,600 for eligible parents.
Depending on whether parents have a child who’s younger than age six, or who’s between the ages of six and 17, those parents will either get $1,500 or $1,800 from this advance. And it’ll be spread out over six checks.
Depending on whether parents have a child who’s younger than age six, or who’s between the ages of six and 17, those parents will either get $1,500 or $1,800 from this advance. And it’ll be spread out over six checks.
New stimulus checks are coming in less than a month - here's who gets one
October 15 is when the next stimulus check is scheduled to arrive. It's the latest installment of the child tax credit payments.
bgr.com