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Child Income Tax Credit: The New 'Stimulus Check' Coming Next Month

The IRS is scheduled to begin sending out its advance payments of the Child Income Tax Credit on July 15; thereafter, the monthly payments will be sent on or near the 15th of each month from July until December. ....

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Own a Home? You Could Tap a "Secret Stimulus Check" | The National Interest

Own a Home? You Could Tap a “Secret Stimulus Check”
If you own a home or are in the process of paying off your mortgage, you can access an additional $10 billion program set aside for homeowners who fell behind on bills during the pandemic.
The three stimulus checks paid out so far – one in March 2020, one in December 2020, and one in March 2021 – have so far amounted to $3200 in direct cash relief to all American adults within certain income brackets.
However, the stimulus checks are far from the only financial relief that Americans can avail themselves of during the pandemic. The Biden administration has passed a raft of financial measures in the American Rescue Plan Act, the March legislation that provided for the third (and so far last) stimulus check. Many of these measures have been described elsewhere in detail, including the IRS’s “plus-up” payments and increases to the Child Income Tax Credit. ....

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Will You Get a Fourth Stimulus Check? The Odds Look...

Will there be a fourth stimulus check? The discussion might be premature, as the payments from the third stimulus check in March are still being issued. While these payments have slowed down since March, there is no sign that they will stop soon; so far in May, $3.8 billion has been distributed to 2.7 million individuals and families. ....

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You Could Get a "Plus-Up" Stimulus Payment if You File Your Taxes This Year

You Could Get a “Plus-Up” Stimulus Payment if You File Your Taxes This Year
What’s a plus-up payment? The short answer is, it’s a payment to taxpayers who already received their third stimulus checks, but who qualify for additional benefits.
As part of President Joe Biden’s American Rescue Plan, the IRS has been sending out a third round of stimulus checks since early March. So far, roughly 160 million payments have been made, at a cost of around $380 billion.
As the last of the third stimulus checks are sent out, there is already intense debate over the efficacy of sending a fourth. In general, Democrats support the idea, particularly progressives; a group of House Democrats has endorsed a proposal for a monthly payment of $2000 until the end of the pandemic. By contrast, Republicans, who contest the Senate, have tended to criticize such proposals as grandiose, expensive, and not tailored to suit any particular need. ....

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Biden Wants to Expand the Child Income Tax Credit. What Does That Mean?

Here is how keeping an expanded version of the credit around could result in more checks to families to help raise their children. ....

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