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This Is Your Official Reminder to Make Sure You Get Your Child’s Tax Credit

You don’t have much longer to claim.

If you receive a letter from the IRS, do not panic. It could just mean that the government has money that it's waiting on you to claim.

The Child Tax Credit (CTC) is a way for parents you receive interest-free aid from the government, yet many do not take advantage of it, or even know about it. If you have children under 18, you're about to let free money go to waste. President Joe Biden's American Rescue Plan is still in effect, which means you can receive up to $3,600 per child.

Finance TikToker @milansinghhh (Milan) uploaded a video explaining how you can make sure you receive the CTC.

Biden expanded the CTC in 2021 as a way to help low-income families afford basic needs for their children. While it's not a lot of money, can still help relieve some of the burdens that come with being parents. 

Parents with a combined income of $150K or less, or an individual income of $75K or less can receive $3,000 for children age 6-17 and $3,600 for children age 0-5. Head to getctc.org and take a few minutes to fill out the form. You'll get the entirety of what you're owed in a single payment.

"POV: your 17-year-old son sent you this and said to run him his money," @glamchemoteetee said.

November 15 is the last day to submit an application so be sure you get on that ASAP.