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Stimulus payments of $500 to $1,500 available for family childcare expenses when child tax credit goes live in December

Due to the pandemic, millions of dollars have been added to childcare relief programs to help families.

A program in Texas is offering $500 childcare vouchers to families with up to three children, for a total of $1,500.

Parents can get $500 childcare voucher for up to three children, $1,500 total

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Parents can get $500 childcare voucher for up to three children, $1,500 totalCredit: Getty

The problem is, providers are saying parents aren’t taking advantage of the situation, and it may be because many don’t know that there are too many programs available to them.

Arun Singh, CEO of Kids R Kids, a daycare centre, said he was surprised that more and more people were using these programmes.

“Somehow I don’t know if the criteria are too strict or people don’t know about it.”

More than 700 children in Fort Bend County, Texas received gift certificates, but community leaders say it’s still $1 million to be distributed.

The gift certificate is also not a disposable thing, families can get three months of babysitting assistance. Meaning a family with three children can get $4,500 in support.

And the program has only given out $715,000 to date, helping more than 737 children.

Child tax credit check under the chairman Joe Biden’s American rescue plan will end this month unless Congress can decide on an extension.

However, some families may receive payments as early as 2022 as the Internal Revenue Service (IRS) has not completed sending the third installment of the Economic Impact Payments.

Read ours Child tax credit live blog for the latest news and updates…

The final check will be taken when eligible taxpayers file their 2021 tax returns next spring.

Eligible recipients will include parents of children born in 2021, but they must file a tax return first.

Some parents who apply for more recent checks may see a larger lump sum, such as if they missed payments from previous months and applied by the November 15 deadline to receive payments before end of the school year.

According to the CTC, families with children under the age of six receive a payment of $3,600 in 2021—with $1,800 of that being sent via monthly check, or $300 per month.

CTC payments may end unless Congress can agree on an extension

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CTC payments may end unless Congress can agree on an extensionCredit: Getty

https://www.the-sun.com/money/4281217/child-care-vouchers-stimulus-checks/ Stimulus payments of $500 to $1,500 available for family childcare expenses when child tax credit goes live in December

DevanCole

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