Child tax credit 2022 update – $5K ‘stimulus’ cash can be claimed as IRS form, letter, & child dependent amount revealed

‘STIMULUS’ cash worth $5,000 can be claimed as the Internal Revenue Service (IRS) form, letter, and child dependent amount has been revealed. The $5,000 payout, that parents of newborn babies may qualify for, 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… Read Full Article