Child tax credits may be extended through 2022

Child tax credits could be extended through 2022. February 2022 payments may be double. Checks up to $900 are likely to be sent. Good new...

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  • Child tax credits could be extended through 2022.
  • February 2022 payments may be double.
  • Checks up to $900 are likely to be sent.

Good news! The child tax credits could be extended through 2022. Millions of families have been receiving monthly payments for up to $300, thanks to the expanded child tax credit program. However, there is a possibility that the February 2022 payment could be double.

Although US families are not expected to receive a payment for $300 or $250 on January 15, 2022, the Biden Administration is drafting a bill that would resume the monthly payments starting in February.

What would the February check look like?

Child tax credits can be extended through 2022
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If President Biden’s proposal is approved, the payments in February would be equal to the amount for January plus February. That means checks between $600 and $900 will be sent out, covering the late payments at the beginning of the year, The Sun reported.

According to the $1.9 trillion coronavirus relief bill signed into law by President Biden in March, eligible families received up to $300 per month per child in 2021. Filed under: 2022 Child Tax Credit

The question everyone is asking: Is an extension of the child tax credit possible?

Child tax credits can be extended through 2022
Photo: Shutterstock

Senator Michael Bennet of Colorado said he was, “deeply concerned that it would be a tragedy if the child tax credit expires. We have to make sure we don’t cancel this at the beginning of the new year. That will be a disaster.” Oregon Senator Ron Wyden said that, “our country would not accept that vulnerable seniors miss a  Social Security payment. Similarly, it is not acceptable for vulnerable children and families to miss out on a child tax credit payment.”

“Our view is that the child tax credit is a really important basic support for families and that we need to extend it,” said Brian Deese, director of the National Economic Council. “And we should extend it because it is doing what we expected it to do, which is dramatically reducing child poverty in America, dramatically reducing poverty in America, and giving families a breather in a very strong but uncertain economy,” he added. Filed under: 2022 Child Tax Credit

Will the program expire in 2022?

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Photo: Shutterstock

The expanded child tax credit program has been approved through 2022. However, President Joe Biden has expressed interest in extending the program through 2025. Eligible Americans have been receiving up to $300 per month per child since advance payments began in July.

In addition, families with dependents between the ages 6 and 17 have received payments of $250 per child. Families will be able to claim up to $1,800 per child when they file tax returns next year. Filed under: 2022 Child Tax Credit The post Child tax credits can be extended through 2022 appeared first on Mundo Hispanico.

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