Child tax credit 2022 update – IRS will give $1,400 bonus ‘stimulus’ for parents of Christmas babies in 2022 tax return

PARENTS across the US country could get “stimulus checks” of up to $1,400 on top of their tax refund in 2022. Those eligible for the money must have had either a child born in 2021 or obtained a new dependent, which would allow those taxpayers to claim the Recovery Rebate Credit when filing their next tax return in 2022. Plus, American families with two kids could receive a payment worth up to $8,000 in the new year. Parents that have kids under 13 and an income of less than $125,000 can claim the extra cash. The support is known as… Read Full Article