GRAND RAPIDS — The advanced child tax credit payments will start hitting parents’ bank accounts July 15.
It’s a part of the American Rescue Plan for families earning less than $150,000 (or $75,000 for a single earner), they will receive $250 from July to December for kids 6 to 17 years of age.
Parents will earn $300 for children under the age of 6. Essentially, you are getting half of what you would receive when you file your taxes in 2021 early.
We sat down with a financial expert who shared some advice on how to make the most of your money.
This is the third round of stimulus checks,” said Rick Meyers. “The government between the Trump and Biden administrations has now spent or authorized to spend $6 trillion for this. Now, that doesn’t seem like much. But to put it in perspective, in the first 220 years of this nation, we didn’t even have a trillion-dollar debt. And so to have $6 trillion, it’s truly a mind-boggling number.”
Rick Meyers, a…