Money For Sex? Kind Of, Stimulus For Your Kiddos Is Coming!
You may have not noticed, when the 3rd $1,400 stimulus checks began rolling out in March, part of President Joe Biden's 1.9 Trillion dollar stimulus package, included more money on the way for families. I know I missed it. However, the wording in that stimulus rescue package was extremely vague.
According to an article in Fast Company, the IRS is going to be rewarding you for making those babies all those years ago. Dang, I wish I had more than one. Not for lack of trying for many of us. This will come in cash payments beginning in July. If you have children under the age of 6, you will receive a payment of $300 dollars a month per child. If you have children 6-17, you'll receive $250 per month, per child. So, depending how old your kids are, you'll either receive $3000 or $3,600 for this year. The monthly payments will account for the first half, while the other half will be refundable next year when you file your taxes for 2021. They are technically advances on a tax credit for 2021. By the way, there's NO cap on the number of children you have. If you have 17 kids 17 and under, you're in the money!
Before we get to excited, lets face it, kids are ridiculously expensive! $250 bucks a month won't even come close to cover daycare in Bismarck Mandan. At least it's something right? Kind of makes you wish you had a whole "Cheaper By The Dozen" running around the house. Now, that would be a small fortune right?
So who gets these checks? Same requirements as the $1400 dollar checks you received for the 3rd stimulus checks. Single parents making more than $75,000 and couples with incomes over $150,000 won't receive the full payments, but still qualify for some of the money.