Stimulus Check: Families Will Still Get The CTC Payments

Stimulus Check
Stimulus Check

Stimulus Check seems to be the need of the hour for the Americans. The threat of another wave of the coronavirus looms large over America. Covid cases have experienced an alarming surge in recent weeks.

This has led the people to speculate about a possible shutdown. The dreaded memory of the 2020 shutdown is still fresh in the minds of Americans. A shutdown brings immense pressure on individuals.

The economy also takes a huge blow. Households struggle to meet their necessities. Keeping in mind all of these, the citizens are petitioning for the provision of another check. Some states have taken matters into their own hands. They have designed their very own version of Stimulus Checks.

The petitions and the letters all seem to go to waste. The federal government did not seem to be keen on further payments. The Democrats sent a letter to the President. Two more petitions were signed.

The petitions asked for the provision of $2000 & $1200 payments for all the Americans. The only ray of hope at the moment is the Child Tax Credit. These stimulus checks will be delivered to qualified individuals soon. Let us learn more about the story in detail below. 

Stimulus Check: Do You Still Qualify For A CTC Check? 

Stimulus Check for the Child Tax Credit was sanctioned long ago. The federal government aimed at the welfare of the children through this program.

This program provided a lot of relief towards the child care expenses of the kids. The Child Tax Credit money was given to citizens who had an annual income of below $75000.

The ceiling in case of joint filers was $150000. Kids under seven years of age were entitled to receive an amount of $3600 per year. 

Children, up to eighteen years of age were entitled to a sum of $3000 annually. Families who qualified for the checks but did not get any payments will be receiving the money soon.

The IRS stated that the Child Tax Credit money will be dispatched within a few days.