Exact date Americans need to apply for brand new direct payment worth up to $750 in order to get the cash by October

THE exact deadline to apply for a brand new direct payment worth up to $750 has been revealed.

In an attempt to extend the child tax credit benefits needed by so many families amid soaring inflation, several states, including Rhode Island, are already offering their own child tax credit programs.

The total federal child tax credit is $3,600 in 2021 for children under the age of six and $3,000 for children aged six to 17.

Half of the cash was paid out as advance monthly installments of up to $300 between July and December last year.

While the expanded tax credit has expired, families can still claim the remaining six months of payments if they haven't yet filed their 2021 taxes, with the deadline for extensions set on October 17.

As a result, nearly 115,000 families across Rhode Island will be able to receive up to $750 in a child tax rebate.

The payment will be $250 for each qualifying child.

There is a maximum of three children, so the most a family could receive is $750.

To receive a rebate, an eligible Rhode Island taxpayer must meet certain criteria.

Taxpayers must file their Rhode Island 2021 personal income tax return as either:

• Single
• Married filing separately
• Head of household
• Qualifying widow or widower, with a federal adjusted gross income of $100,000 or less
• Married filing jointly, with a federal adjusted gross income of $200,000 or less

Taxpayers must also have a qualifying child dependent (18 years of age or under as of December 31, 2021).

For those filing an original or amended filing by August 31, your rebate will be issued starting in October 2022.

For those filing by the October 17 extended filing deadline, your rebate will be issued starting in December 2022.

The U.S. Sun also explains when tax refunds come out in 2022 and five ways to boost your tax refund.