New Parents May Receive $1400 Stimulus Checks
If you added a dependant in 2021, you may qualify for an additional $1400 stimulus payment from the IRS.
According to CNBC, the payments, up to $1,400 a person, were authorized by the American Rescue Plan Act, a pandemic-relief bill Democrats passed in March.
The IRS also issued two other Economic Impact Payments (of up to $1,200 and $600) that were authorized by earlier, bipartisan relief packages. Eligibility and total funds received by households were based on income and other requirements.
The IRS issued more than 175 million third-round payments to households worth over $400 billion through December 31, 2021.
To claim the 2021 Recovery Rebate Credit, individuals must know how much money they received in total third-round stimulus payments.
