Payments from expanded child tax credit to start arriving soon
Families who didn't file tax returns should fill out form to get benefit
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Updated: 6:39 PM EDT Jul 12, 2021
Families who didn't file tax returns should fill out form to get benefit
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Updated: 6:39 PM EDT Jul 12, 2021
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CHILD TAX CREDIT. STARTING JULY 15, THOUSANDS OF NEW HAMPSHIRE FAMILIES WILL START RECEIVING MONTHLY PAYMENTS FROM THE IRS. THE AMERICAN RESCUE PLAN IS EXPANDING THE CHILD TAX CREDIT ANNUALLYROM F$2,000 PER CHILD TO $3,000 FOR OLDER CHILDRENND A $3600 FOR CHILDREN UNDER THE AGE OF SIX. >> THIS EXPANSION RECOGNIZES THE INCREDIBLY HIGH COST OF RAISING CHILDREN AS WELL AS PRIORITIZING CHILDREN’S HEALTH AND WELL-BEING. MIKE: PAYMENTS OF UP TO $300 PER CHILD WILL BE DIRECTLY DEPOSITED INTO THE BANK ACCOUNTS OF FAMILIES WHO FILED A TAX RETURN IN 2020. THOSE WHO DID NOT FILE A RETURN WILL NEED TO FILL OUT AN ONLINE FORM WITH THE IRS. >> THE SOONER YOU APPLY THE BETT.ER AS I MENTIONED, THE FIRST PAYMENT GOES OUT FOR THOSE NONFILERS, OR MONTHLY CREDIT GOES OUT IN A FEW DAYS. MI:KE THERE IS AN INCOME LIMIT ATTACHED TO THE PAYMENTS. FAMILIES WILL GET THE FULL AMOUNT IF THEY MAKE UP TO $150,000 AS A COUPLE AND UP TO $112,500 AS A HEAD OF HOUSEHOLD. ON OUR WMUR FACEBOOK PAGE, WE ASKED HOW YOU WOULD BE USING YOUR PAYMENTS. ONE PERSON SAYS, "I HAVEN’T TAKEN MY KIDS FOR A PROPER CLOTHING SCHOOL SHOPPING EVER, I AM TREATING THEM THIS YEAR." ANOTHER SAYS, "I AM USING THIS TAX CREDIT AS RTPA OF MY SON’S TUITION FOR MIDDLE SCHOOL. I ONLY HAVE TO KICK AND $50 A MONTH WHILE RECEIVING THIS, WHICH WILL ALLEVIATE A LOT OF STRESSND A WORRY." DURING A VIRTUAL MEETING WITH NEW HAMPSHIRE FAMILIES, SENARTO MAGGIE HASSAN SAID SHE IS WORKING TOWARD MAKING THE TAX CREDIT PERMANENT. IF YOU’RE INTERESTED IN MORE INFORMATION ABOUT THE TAX CREDIT , FIND THIS STOR