Child tax credit still owed to millions of Americans

In 2021, the federal child tax credit was temporarily expanded to $3,600.

Couples qualified for the full benefit if they made less than $150,00 and single parents who file as heads of households needed to make under $112,500.

This resulted in eligible families receiving advanced payments for each of the last six months of 2021 – with the remainder of the money needed to be claimed during the upcoming tax season. 

However, the Treasury Inspector General for Tax Administration revealed in a report that the Internal Revenue Service (IRS) failed to send the advance CTC to 4.1million households.

Federal payments could still be available

While Congress did not approve another stimulus check in 2022, you might be owed a relief payment still.

Under both the Trump and Biden administrations, three rounds of economic stimulus rounds were approved.

Under the latest one, the checks were worth up to $1,400 per individual.

Americans who make under $75,000 and file taxes as individuals and couples earning less than $150,000 qualify for the full amount.

An estimated 165million Americans have received a cumulative $931billion worth of payments under three stimulus rounds from April 2020 through 2021, according to a report from the Government Accountability Office.

However, the agency has estimated between nine million and 10million Americans still owed stimulus checks.

Colorado unveils rebate for property owners

The state of Colorado has just opened up applications this year for its Property Tax, Rent, Heat Credit (PTC) Rebate.

It could be worth up to $1,044 for individuals – but it will be limited to $1,000 for those who submit applications in 2023. 

To qualify, you must have lived in Colorado from January 1 through December 31 in 2022.

Total income cannot exceed $16,925 for single filers and $22,858 for married filing jointly.

In addition, you have to meet one of the following criteria: 

• Age 65 or older
• Surviving spouse that’s age 58 or older
• Disabled person of any age who was unable to engage in any substantial gainful activity for medical reasons
• Paid property tax, rent, or heating bills during 2022
• Not claimed as a dependent on someone else’s federal income tax return

Bonus checks are available in Connecticut

Connecticut is sending out bonus checks worth up to $1,000 to essential employees who worked during the height of the pandemic.

The money is available to private sector employees only – federal, state, or municipal government agency workers do not qualify.

Those who opted for direct deposit (about 120,000 people) started having their money processed on February 1.

In five-to-six weeks, the state will start mailing out roughly 35,000 paper checks.

Idaho sending out rebates to residents

The state of Idaho is sending out rebates worth between $300 and $600. They also could also be 10 percent of a taxpayer’s 2020 income taxes, whichever is greater.

The Idaho Tax Commission said it is sending out roughly 75,000 rebates per week in the order taxes were received. 

By March 31, it expects to issue 800,000 payments. 

Chicago immigrants receiving Covid-19 relief checks

Undocumented immigrants in Chicago are among those who have currently qualified for $500 Covid-19 pandemic relief checks, according to Straight Arrow News.

The American Rescue Plan Act government money is being used in Chicago.

The funds, according to city authorities, are for households that weren’t eligible for the federal Covid-19 stimulus grants because of their immigration status.

Officials claim that despite working during the Covid-19outbreak, unauthorized immigrants in their cities were ignored.

About 17,000 unauthorized immigrants are expected to receive Covid-19 relief payments from Chicago.