Parents who make a certain income and have two children under age 13 could see a stimulus check worth as much as $8,000 this year.
The IRS sent its final installment of the advanced child tax credit payments Dec. 15, 2021.
Now, they’re preparing to send some pretty big refunds to those with the right income and number of dependents in 2022.
Parents with one child could see $4,000.
The expanded credit is part of President Biden’s stimulus package, the American Rescue Act.
Child and dependent tax credit stimulus check
The big refunds fall under the child and dependent tax credit.
This credit is designed to help parents offset the costs of raising a child under the age of 13.
Expenses claimed can include a housekeeper, babysitter, day camp, after school program, and transportation.
The IRS covering these expenses is to help parents work, look for work, or finish school.
The credit is good for kids under 13, but may also cover a dependent with a disability who requires your care.
Apply for the credit
To apply for the child and dependent tax credit, you’ll need to fill out Form 2441.
You may also claim the child tax credit when filing your 2021 taxes with the Letter 6419 the IRS is sending families.
The letter explains how much you were sent in 2021.