The CTC stimulus check is gaining a lot of attention as many citizens have been looking forward to being deemed eligible for the payment. In fact, quite a few families are still trying to understand how the child tax credit works, and what it might imply for their families. Interestingly, there has been quite an interesting development, in that parents of babies that have been born in the current year may just be eligible for some more money.
Since it is universally acknowledged that expenses for the newborn can be quite high, the government has decided to provide a little extra for those families as a CTC stimulus check. This implies that families with newborn children can be eligible for payment up to $3,600.
How Can Parents Of 2021 Babies Claim CTC Stimulus Check Payments?
The next big question about the CTC stimulus check is the timing of its arrival. The IRS has already been sending monthly partial payments to several eligible families this year. The requirements, although, can be a little confusing for those who have birthed newborns this year. Despite that, parents of newborns need to just go through one extra step that will help start their advance child tax credit payments.
In the event that your dependents haven’t yet been reported by the IRS, there are a couple of options for you to receive the subsequent CTC stimulus check payments. The first indicates that you could always wait to file your tax returns the next year and receive the entire sum at once. Or, you could check out the online portals set by the IRS which allows taxpayers to report any change that might be made to their status over the year.