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Andy Meek
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The second child tax credit check has now been sent out, with four more on the way from the IRS through the end of this year. About $15 billion was distributed via the second child tax credit stimulus payments to around 36 million families last week. And as we noted in this previous post, data shows these checks are having a big impact on poverty in America. But that also doesn't mean the distribution has necessarily gone off without a hitch.
For example, the IRS wants to make recipients aware of one unexpected "issue." Some people who got the first child tax credit check in July as a direct deposit were sent the August payment in the form of a paper check. It's not clear why. But as you might imagine, the paper checks take longer to arrive. The tax agency says the issue impacted less than 15% of the July direct deposit recipients.
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You might miss your next stimulus check if you don’t do this by the end of the month originally appeared on BGR.com on Wed, 18 Aug 2021 at 14:02:52 EDT. Please see our terms for use of feeds.
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