Child tax credit 2022 update – Automatic $5,000 ‘stimulus’ cash can be claimed as updated portal & IRS schedule revealed

THOUSANDS of families who welcomed a new baby last year could qualify to receive up to $5,000 in their tax refund. Here is how to find out if you are eligible and how to apply for the extra stimulus. 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…. Read Full Article