Surprise! The stimulus check will be released on Wednesday
Wednesday is September 15th, and that means it's time for another stimulus check. This amount will be the third monthly payment of the Federal Children's Tax Credit, as before it, will be distributed to millions of Americans.
Previously, similar checks were drawn in July and August for eligible families, with families receiving up to $300 for each child under the age of six and up to $250 for each child between 6 and 17. They will get the same amount this month as well as in October, November, and December. There is also the possibility that the payments will go into next year and beyond. The White House recently announced that it wants to take advantage of these benefits "for years and years to come."
The payments are part of expanding the federal child tax credit that is included in President Biden's US bailout. The checks will go entirely to single parents earning up to $75,000 a year, heads of household earning up to $112,500, joint sponsors up to $150,000 a year. $1,500 for each child ages 6 to 17, and $1,800 for each under six. Be on the lookout for the year-end summary from the IRS. It is known as Letter 6419, and according to the IRS, you may be required to claim this tax credit on your 2021 tax return.
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