Parents who gave birth to a newborn in 2021 may qualify for another $1,40S stimulus check.
. Letter 6475 is a tax document these taxpayers need in order to claim the cried when filing their 2021 taxes.Also part of the American Rescue Plan is the expanded child tax credit, which eligible parents received monthly from July to December.
For parents with children under 6, they received $300 monthly for a total of $3,000. The rest of the $3,600 amount can be claimed on their 2021 taxes. For parents with children 6-17, they received $250 monthly payments and after they claim the remaining amount on their 2021 taxes it will equate to $3,000 for each eligible child.
Tax season began on Monday, Jan. 24. It will end for most taxpayers on Monday, April 18. For residents in Maine and Massachusetts, April 18 is Patriots Day. Therefore, their tax day is Tuesday, April 19.
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