Who can get a COVID-19 stimulus payment or a Child Tax Credit?
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From April 2020 to December 2021, the federal government made direct COVID-19 stimulus payments to individuals totaling $931 billion.
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Congress authorized three rounds of payments that benefited an estimated 165 million eligible Americans.
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Generally, U.S. citizens with income below $75,000 or married couples with an income below $150,000 were eligible for all three payments and the full amount of each payment.
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Congress also temporarily expanded the Child Tax Credit (CTC) to include more families and increased the payment amounts.
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Most people with children qualify automatically for the CTC when they file their taxes, but there are some other eligibility requirements, too.
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Millions of families may have already received some expanded CTC payments.
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From July to December 2021, eligible families received advance monthly payments of half their total expected CTC, benefiting around 84% of U.S. children.
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Generally, checks were directly deposited into the bank accounts IRS had on file for the recipient family.
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According to the Census Bureau and the Federal Reserve, COVID stimulus and advance CTC payments reduced financial hardship and food insufficiency among recipients.
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As stated above, individuals and families can still file a tax return to see if they are eligible to take advantage of these payments and the child tax credit.