There isn’t a confirmed $8,700 stimulus check from the IRS. Instead, talks are about possibly making the Child Tax Credit bigger, giving families up to $8,700 over six months with monthly payments starting in mid-June.
Understanding the Proposed $8,700 Child Tax Credit Expansion and Its Impact
According to the article in The US Sun, there’s been talk recently about an $8,700 stimulus check from the IRS, but it’s important to clarify that no official announcement has been made about this. The confusion seems to have started from discussions about a plan to expand the Child Tax Credit. This plan could potentially give families up to $8,700 over six months through monthly payments starting in mid-June.
The $8,700 figure is linked to the proposed expansion of the Child Tax Credit, not a universal stimulus check. Currently, families can receive up to $2,000 per child under the existing program, with eligibility criteria including the child having a Social Security number and being claimed as a dependent.
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Navigating Financial Assistance Options Amidst Speculation
$8,700 Stimulus Check Rumors Explained: What You Need to Know about Child Tax Credit Expansion! (PHOTO: AARP)
of $8,700 Stimulus Check
Furthermore, as discussions continue about financial support programs, it’s important to rely on trusted sources and official government announcements. While there’s no $8,700 stimulus check planned, some state and local governments may offer assistance programs to help eligible residents facing financial difficulties.
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