$3,600 Direct Payment
In 2023, millions of Americans could receive a new IRS stimulus check of $3,600 direct payment in a one-time cash payment, known as the 4th stimulus check. However, unlike the previous pandemic-related stimulus checks, this direct payment is related to the Child Tax Credit, which provides a stimulus check that can help a family’s finances significantly.
The direct payment is from the Child Tax Credit
If you haven’t received a stimulus check with the Child Tax Credit in 2022, it is essential to pay attention as it could mean a $3,600 cash check.
According to a published article, the IRS did not pay the Child Tax Credit stimulus check to 4.1 million households, meaning that many families can still receive this good check with $3,600. According to another published article, the IRS is said to have skipped about 4.1 million households who are qualified for the boosted Child Tax Credit. To claim this payment from the IRS, it is best to consult a specialist attorney or advisor who knows the IRS well, as they can help in this particular case and get the check with cash.
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Who can apply for this direct payment?
Not all families are eligible for this direct payment, and the IRS must approve your application by checking your eligibility.
To apply for this direct payment, a family must earn less than $150,000 if filing as a couple, and if single parents file as head of household, they will need to file less than $112,500. Seeking help from a professional in the sector is the best way to claim this money, as it will be the quickest and easiest way to have it soon in our pocket.
For those with an income of $60,000 or less per year, it may be possible to apply for help from Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) for filing a tax return to the IRS. This help is free, so individuals won’t have to pay anything for the service, making it a valuable resource for those in need.
It is also important to remember that families may have to declare this stimulus check as income in the next year. Therefore, keeping track of taxes that could be paid in case of the need to do so is essential.
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