TAMPA, Fla. — Eligible parents will start receiving child tax credit checks either in the mail or direct deposit on Thursday.
The goal of these early tax credits is to help parents get back on their feet after the pandemic.
ABC Action News is looking at the bigger picture and how parents can make the money last much longer than a just few months.
“What was confusing first and foremost, so we got a lot of calls of people that said, ‘Hey, I’m going to get $3600 bucks or I’m going to get $3000 bucks per child, and it’s not quite that simple,” said Jason Mickool, the president and CEO of Florida Financial Advisors.
Parents who meet the income criteria ranging from $150,000 annual income together or $75,000 single, will get a check for each child every month left in 2021. It will be $300 for children 5 and under and $250 for children ages 6 to 17. Then the rest will show up with your income tax refund– $2100 for children 5 and under, $1750 for older…