A new set of adjustments introduced to the stimulus check child tax credits have been made. As per the details for the same for the year 2021, the working families in the country who pass through certain requirements may receive an extra amount of the stimulus check financial aid payments. The total amount of the payment is said to be 8,000 USD.
Stimulus Check Eligibility
The extra amount of the stimulus checks federal aid payments is aimed to meet all the expenses with regard to childcare or the amount that is needed to meet up the expenses that will be charged while taking care of a parent or a spouse. Especially those who do not have the ability to look after themselves. And in case there are two or over two dependents in one family, the extra amount of money goes up to 16,00o USD. The highest amount that could be claimed by the citizens of the country previously was 6000 USD. This was for several children.
The extra stimulus checks financial aid payments are provided to the people with the primary intention of giving the people the liberty to join work again and not be held back by the heavy bills and other costs. It has also been stated that this provision of extra money is provided by the “American Rescue Plan.” It was approved in the month of March. In order to receive the extra amount of the stimulus check financial aid payments, the AGI of the filer must not exceed the total amount of 125,000 USD. In case the amount goes over the stipulated amount, the amount of the credit will be reduced to 50%.