AS the end of the year quickly approaches, so do the final child tax credit payments for American families, which could be worth up to $900 per kid.
Many qualified families received direct deposits for the third child tax credit payment on September 15.
The remaining payments will arrive October 15, November 15 and December 15, each total up to $300 per child under age six and up to $250 per child ages six through 17.
Parents who didn’t receive July, August or September checks should have received an adjusted amount for each child, as the remaining checks will be spread out over three months instead of six.
With the child tax credit deadline less than a week away, families with college-age children under their roof are now learning they can receive government funds.
However, certain conditions must be met to see if your college-age son or daughter qualifies.
Families are getting payments totaling up to $1,800 for each child under six and as much as $1,500 for kids ages six to 17.
But a one-time payment of $500 is available for families of children ages 18 to 24.
The IRS has laid out a few eligibility conditions:
Read our child tax credit live blog for the very latest news and updates…
According to CNET, the payment will come when families file taxes for 2021 at the start of next year.
Income limits associated with the expanded child credit are in effect for these payments, too.
The money starts phasing out if you earn more than $75,000 as a single tax filer or $150,000 if you’re a married couple that files jointly.
For head-of-household filers, the income threshold is $112,500.
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