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American families to get sent new ‘stimulus checks’ automatically this month

The US Sun
The US Sun
 2021-08-03
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AMERICAN families will see new automatic checks hit their accounts in August.

Child Tax Credit payments of up to $300 per month began to hit bank accounts in July, and another check is scheduled to go out on August 13.

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Families will see another Child Tax Credit check hit their accounts in August Credit: Getty
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Parents will receive payments of up to $300 per month Credit: Getty

The credit, expanded under the Biden administration, means most families with children in the United States can expect the checks for the rest of 2021.

The expanded amount gives $3,600 per child for children under six, and $3,000 per child for kids aged six to 17.

Previously, the Child Tax Credit was capped at $2,000 for most families.

The administration expanded the payments in an attempt to stimulate the economy amid the ongoing pandemic.

As the highly contagious Delta variant rages and is causing soaring Covid-19 infection rates in the US, the money will likely be a welcome stimulus to millions of Americans.

The payments will be made in $300 or $250 installments for eligible American families on the 15th of every month for the rest of the year.

August is an exception. This month, the money will hit bank accounts on the 13th instead.

To qualify for the full expanded Child Tax Credit, couples need to make less than $150,000 and single parents who file as head of household need to make under $112,500.

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The overall payment will be reduced by $50 for every extra $1,000 in the family's adjusted gross income (AGI) for people making above those income levels.

Parents who qualify for the tax credit can expect to get their cash automatically if they filed a 2019 or 2020 tax return.

Families have also been given the option to opt-out of the monthly payments and claim the entire amount on their 2021 taxes.

The news comes as some experts say demand for a fourth stimulus check for all Americans, not just parents, may rise as the Delta variant rages and could impact the economy.

More Covid-19 restrictions could be on the horizon that could hurt the economy and lead to more jobless claims as the number of coronavirus cases has jumped in many parts of the US.

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The payments will continue to be sent to American families until the end of the year Credit: Getty

Comments / 156

Slappy Boots
08-04

number one they're not stimulus checks everybody keeps calling them stimulus checks it's child tax Care credit I don't know why the media keeps doing that cuz then people get confused and I think they're stimulus checks it's child tax Care credit not stimulus 🤔🤠

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Rachelle Greene
08-04

What about the the seniors and ppl without children? The govt already gives them free housing, foodstamps and a check once a month, while us hard workers have to bust our tails day in and day out without any help. I mean dam, give us a break

Reply(13)
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Teresa Huskey Lawrence
08-04

Where is my check I am on SSDI and my husband is on SSI and my mom is RETIRED AND 79 YEARS OLD AND MY step son is on SSI because he is retarded and he is 30 years old and a DIABETIC to boot the government has all of our information what are you waiting for all of us poor people to DIE

Reply(28)
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