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IRS Update – Fourth Stimulus Check Will Be Given To Families – Who Are Eligible?

This year, a fourth stimulus check will be out, but only for families or guardians who welcomed a baby this 2021. They will get $1,400 for each child under the American Rescue Plan, according to reports.

The $1,400 can be claimed on their taxes for the year. This is not automatic because parents and guardians who welcomed a new baby this year must still file a tax return to get the check. Single filers who have income up to $75,000 and joint filers who are married and have a combined income up to $150,000 will be eligible to receive the payment for their new dependent, Komo-TV reported.

The American Rescue Plan did not limit the number of new dependents parents and guardians can claim for this stimulus check.

However, families expecting a baby when the plan was signed into law but the child was not born yet will still get a stimulus check. This is the guarantee of the Plan, but the check will not come anytime soon. They will have to file their 2021 tax and notify the Internal Revenue Service (IRS) regarding their new dependent.

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The other stimulus check that parents will expect to see is the tax credit checks for their children, who are eligible under the American Rescue Plan. The IRS has sent out child tax credit checks since July 15. This will continue until December.