200,000 Americans are going to benefit from a tax credit check worth $1,000 soon.
These residents are from Connecticut.
This increase is retroactive and for the credits claimed in 2021.
Related: Stimulus payments going out in these cities and states in time for New Year’s, is one yours?
Before the boost the credit was 23%.
198,708 household will benefit from this, but the amount they receive varies based on household size and need.
The need is based on income, marriage status, and children.
Lamont is working to provide relief to residents still struggling from the pandemic.
Related: $10,000 in grant money available to childcare providers
Who gets the tax credit check and when will they be sent?
Those who claim the earned income tax credit are low to moderate income families.
This means in 2020 they earned below $56,844.
The checks are coming just in time for parents not receiving a child tax credit payment next month.
Related: How to claim the Recovery Rebate Tax Credit for 2021 next tax season
Households getting these checks in Connecticut have a total of 220,000 children.
The cost of sending these checks is $75 million dollars and comes from the Coronavirus Relief Fund for the state, which holds $1.38 billion dollars.
The fund was created under the CARES Act in March of 2020.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].