As per the information, the next round of the stimulus checks will be given out from the 15th of this month. That is the date the money will get shipped. However, no one can say the exact date the payments will get delivered to the receivers. The delivery date depends on the manner in which the last tax refund or the stimulus check was received.
Stimulus Check Amount And Other Details
The IRS also known as the Internal Revenue Security, will start paying numerous families of the country. The payments will be given on a monthly basis. This round of the stimulus check was made possible by the rescue program of the United States of America that was passed in the month of March. The amount that people will receive, will entirely depend on the entire income of the household as well as the total number of children in a particular household.
The Internal Revenue Security has all the details of the bank accounts that are necessary. The details will be displayed on the 16th of July that falls on a Thursday. If not then it will be done very soon. The money will get delivered to the respective bank accounts within two or three business days similar to that of the stimulus checks.
When it comes to the amount of money, those families who have 5 children to look after, will get 3,600 USD per child. What this means is that a child will receive 3,000 USD if he or she falls between the age group of 6 to 17-years-old. This round child tax credit is made on the basis of the AGI which is the Adjusted Total Income of the parents that was stated in the tax return of the year 2020.
