In 2022, families in the United States may be eligible for a tax refund of $ 7,200. Only a few selected parents will be eligible for the full amount.
U.S. May Be Eligible For $ 7,200 Tax Refund In 2022
Hundreds of families in the United States will get a good start in 2022 when they get a nice $ 7,200 tax refund. Although authorities have said this will not apply to the vast majority of people and only a privileged few will be able to collect the full amount.
As part of the enhanced child tax credit approved in March 2021, the American Rescue Plan provides direct relief to parents who could claim an amount of up to $ 3,600 per child under the age of six or up. to $ 3,000 per child between the ages of six and seventeen. .
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Since July, the US government has started distributing federal aid in advance payments. First, up to $ 1,800 for each child under six and up to $ 1,500 for each child between six and seventeen. From July to December, they sent semi-annual installments. The other half will be a one-time payment of up to $ 1,800 for children under six and up to $ 1,500 for children between the ages of six and seventeen. Although the majority of families have already received all six advance payments, you must request an additional payment on your 2021 tax return.
If they obtain specific qualifications, some parents may be eligible for a child tax credit of $ 7,200. The first is that they must have missed the monthly advance checks that were sent out last year, either because they could not get them back or because they chose to receive them in an amount. lump sum in 2022.
If your family has not received advance checks, the IRS can send you up to $ 3,600 for each child under the age of six when you file your tax return. If you have more than one child, you may be eligible for up to $ 7,200.