THE exact deadline for claiming a brand new direct payment worth up to $750 has been revealed.
In an attempt to expand the child tax credit benefits so many families need in the face of rising inflation, several states, including Rhode Island, are already offering their own child tax credit programs.
The total federal child tax credit for 2021 is $3,600 for children under the age of six and $3,000 for children ages six to 17.
Half of the cash was paid out in monthly upfront payments of up to $300 between July and December last year.
While the extended tax credit has expired, families can still claim the remaining six months of payments if they have not yet filed their 2021 taxes, with the deadline for extensions set for October 17.
As a result, nearly 115,000 families across Rhode Island can receive up to $750 in child tax credits.
Payment is $250 for each eligible child.
There is a maximum of three children, so a family can receive a maximum of $750.
In order to receive a refund, an eligible Rhode Island taxpayer must meet certain criteria.
Taxpayers must file their 2021 Rhode Island income tax return as follows:
- Married registration separately
- head of household
- Eligible widow or widower with a federally adjusted gross income of $100,000 or less
- Married filing jointly with a federally adjusted gross income of $200,000 or less
Taxpayers must also have a qualifying dependent child (18 years of age or younger as of December 31, 2021).
For those who submit an original or amended registration by August 31st, your discount will be applied from October 2022.
For those submitting by the October 17 extended submission deadline, your rebate will be issued beginning December 2022.
The US Sun also explains when tax refunds are coming out in 2022 and five ways you can boost your tax refund.
https://www.the-sun.com/money/5965067/americans-apply-direct-payment-cash-by-october/ Exact Date Americans must apply for a brand new direct deposit worth up to $750 to receive the money by October