President Biden has called for a renewed expansion of the child tax credit, which could result in the issuance of more stimulus checks.
Will we get the Child Tax Credit in 2022?
“Middle-class and working families shouldn’t have to pay more than 7% of their income for care of young children,” Biden said at one point during his address. Did you get any of the six monthly checks last year? The total of those checks, added together, is the amount of the child tax credit that you’ll claim on your federal tax return this year.: The monthly checks in 2021, plus the tax credit that you’ll claim on your return to the IRS this year.Biden’s push to re-up the child tax credit expansion comes, as we alluded to, at a time when broad urgency for such payments seems to have died down, overall.
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