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Many Americans May Qualify For $5,000 Stimulus Check And Child Tax Credit Payments

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On this year’s tax refund, thousands of households that welcomed a new baby could be eligible to receive up to $5,000.

In 2021, President Joe Biden signed a $1.9 trillion aid package into law. The $5,000 is part of two tax credits in the deal.

Reports indicate that parents who qualify could get $3,600 due to an expanded child tax credit. They could also receive a $1,400 stimulus check for their dependents.

If parents had a baby that was born by the end of 2021, parents could get a child tax credit and a stimulus check. They can claim the newborn as a dependent on their taxes this year. It is noted that many have already gotten their $1,4000 stimulus check.

However, due to the checks being an advance of a 2021 tax credit, qualifying parents can use the payment for their newborn this year.



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