The final opportunity is fast approaching for families to benefit from, if they haven't yet, one of the most extraordinary actions the federal government has taken in response to the financial impact of the coronavirus pandemic. For anyone who hasn't yet started getting the monthly child tax credit checks in 2021 for whatever reason, time is running out on the chance to do so.
As a reminder, the massive $1.9 trillion stimulus law President Biden signed earlier this year not only funded a third stimulus check (for $1,400). It also temporarily expanded the child tax credit. Normally, that benefit is paid out as a tax credit when parents of eligible children file their federal tax returns. But because of the COVID-19 crisis, lawmakers got creative in structuring a temporary increase. Half of that increase got paid out as an advance, spread over six checks this year between July and December.
The post Urgent deadline is approaching if you want a new stimulus check next month appeared first on BGR.
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Urgent deadline is approaching if you want a new stimulus check next month originally appeared on BGR.com on Tue, 9 Nov 2021 at 14:44:52 EDT. Please see our terms for use of feeds.