IRS $8700 Stimulus Check IRS Gov

Let me provide some information about the rumored IRS $8700 stimulus check.

Stimulus checks are designed to boost economic activity during challenging times. In March 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided Americans with a one-time direct cash payment of $1200, plus $500 per child.

Now, there’s talk of an apparent IRS $8700 stimulus check related to an expanded Child Tax Credit. Here are the key points:

Expanded Child Tax Credit:

President Joe Biden reportedly approved this credit. However, not every American is eligible for the full $8700. Instead, struggling families may receive monthly payments of $350 per child (up to $8700) over six months, starting from June 15th.

Eligibility Criteria:

• Households earning under $75,000 annually (single filers) or up to $150,000 (married couples) qualify based on 2022 tax returns.
• Children must have a valid Social Security Number, appear on the family’s most recent tax return, and be legal US citizens or legal foreigners.

Payment Details:

• Payments should be issued via direct deposit each month from June to December.
• However, nothing about the IRS $8700 stimulus check appears on their official website, so it’s essential to stay informed.

Remember to verify details through official channels, and keep an eye out for any updates! ????

Also Read : Link Intime IPO Allotment Status Check

Is there a way to track stimulus payments online?

To track your stimulus payments, follow these steps:

1. Check Your Online Account:

   • Securely access your individual IRS account online.
   • View the total of your first, second, and third Economic Impact Payment amounts under the “Economic Impact Payment Information” section on the Tax Records page.
   • For married filing joint individuals, each spouse should log into their own online account or review their own letter for their half of the total payment.

2. Review IRS Notices:

   • The IRS mailed notices to the address they have on file:
     • Notice 1444: Shows the first Economic Impact Payment sent for tax year 2020.
     • Notice 1444-B: Shows the second Economic Impact Payment sent for tax year 2020.
     • Notice 1444-C: Shows the third Economic Impact Payment sent for tax year 2021.
     • Letter 6475: Sent through March 2022, confirming the total amount of the third Economic Impact Payment and any plus-up payments received for tax year 2021.

Remember, the Get My Payment application is no longer available, but you can still claim a missing payment and view your payment history