Here's the good news about the Democrats' compromise $1.75 trillion spending plan, the outline for which was released on Thursday. The latest child tax credit update we have is that the spending bill framework includes an expanded version of the credit for one more year. That means, in addition to the monthly stimulus checks next year, families would also get the second half of their 2021 child tax credit at tax time -- when they file their federal income tax return.
Plans could still change, of course. Passage of the spending bill in its current form is not guaranteed. And to win over a sufficient number of Democrats in the House -- not to mention the 50 in the Senate, plus the tie-breaking vote of Vice President Kamala Harris -- parts of the bill could get scrapped. Or change considerably.
The post Stimulus check update: See if you’re eligible to get $7,200 next year appeared first on BGR.
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Stimulus check update: See if you’re eligible to get $7,200 next year originally appeared on BGR.com on Fri, 29 Oct 2021 at 13:51:27 EDT. Please see our terms for use of feeds.