Families hailing from Fort Bend County might qualify for new stimulus benefits next year. The government bodies are insisting that parents check their eligibility for the program.
The US Sun reports that 700 beneficiaries have received child care vouchers. More than $1 million is left to distribute among the eligible residents. The county announced $500 for each child under the child care program; the families can use three vouchers each. The maximum amount for each family is $1,500. The eligible families will receive the funds for three months, with the total amount being $4,500.
Federal Child Tax Credit Ends This Month
The Fort Bend program is among the relief measures that aim to provide financial assistance to many American families that suffered from the pandemic. The federal government to issue the child tax credit payments that will conclude this month.
The child tax credit payments are a part of the American Rescue Plan that aims to assist millions of US citizens after the onset of pandemics.
President Biden approved this program considering the welfare of the public. The fate of child tax credit in 2022 depends upon Congress’s decision.
The US Sun reports that the IRS has not completed the third round of the Economic Impact Payments. The beneficiaries of the Economic Impact Payments should expect early payments in 2022. The beneficiaries will receive the last round of checks when they file their tax returns in 2022.
Late Applicants Will Receive A Lump Sum
The parents who signed up late for the child tax credit payments will receive a lump sum; they will receive a more significant amount compared to the other parents. The deadline for the late application of benefits was November 15. The individuals who missed the deadlines can still receive the payments next year.
The total amount for the child tax credit payment is $3,600 for each child under six and $3,000 for each child between 6-17. IRS issued monthly payments of $250 and $ 300 to the families. The beneficiaries will have received half the amount by the end of this year. The families will receive the remaining payments in April 2022 when they file their tax returns.