If you received a letter from the IRS, don't ignore it — you could be one of 9 million people who the tax agency says can still claim thousands in stimulus and Child Tax Credit payments, with only days remaining to get the money.
If you received a letter from the IRS, don't ignore it — you could be one of 9 million people who the tax agency says can still claim thousands in stimulus and Child Tax Credit payments, with only days remaining to get the money.it began mailing the letters in mid-October to reach millions of people who haven't claimed benefits such as stimulus checks, the expanded Child Tax Credit and the Earned Income Tax Credit.
That's the official name of the third round of stimulus checks authorized by lawmakers during the pandemic, providing up to $1,400 per eligible person, including qualifying children claimed on a tax return. The enhanced Child Tax Credit increased this benefit as high as $3,600 a child in 2021, up from its normal amount of $2,000 per child. The tax credit is aimed at helping parents pay for the cost of raising children.
The law also increased the amount that can be claimed by working families with children, increasing it to as high as $6,728 for parents with three children.
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