Child tax credit 2022 update – $5,000 ‘stimulus’ cash can be claimed as IRS schedule and Letter 6419 tax form revealed

PARENTS of newborn babies may qualify for a $5,000 tax refund when they file this year. The $5,000 payout is all down to two tax credits in the $1.9trillion aid package President Joe Biden signed into law in 2021. Andy Phillips, director at the Tax Institute at H&R Block, told Local 12 that parents who meet eligibility requirements would receive $3,600, thanks to an expanded child tax credit — plus a $1,400 stimulus check for their dependents. Eligible parents qualify for both the child tax credit and stimulus check if their baby was born by the end of 2021. When… Read Full Article