The Motley Fool: Stimulus Check Update: Direct Payments Worth $3,600 May be Headed Your Way Soon

There are also restrictions to who you can claim under the expanded child tax credit. In order to claim your child or children, you must:

• Have a valid Social Security number for your child
• Be related to the child
• Have had your child live with you for at least half the year
• Provide more than half of your child’s financial support — including things like housing, food, education costs, utilities, and clothing

These payments stand to make a huge impact for families across the nation. According to the Institute on Taxation and Economic Policy, qualifying families will receive an average of about $2,750 from this expansion, and about 83 million households will benefit from it. Read more

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