Nov 4 2022
Stimulus And Child Tax Credit Payments - Arizona Divorce And Child Support Cases
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As of June 1, 2021, the Government has issued three rounds of economic stimulus payments related to the COVID-19 pandemic. Additionally, starting next month (July 2021), millions of parents across the country will also begin receiving monthly child tax credit payments.
As a result, many of our clients have been naturally asking how stimulus and child tax credit payments will be allocated by the Family Court. To answer this question, let’s take a deep dive into each round of stimulus benefits.
The first round of COVID-19 related stimulus payments were issued in 2020 as part of the Coronavirus Aid, Relief, and Economic Security (a.k.a. CARES) Act. The maximum benefit for this round of stimulus checks was $1,200 per single filer, or $2,400 for joint filers, plus $500 for each qualifying child. Eligibility for this round of stimulus checks was based on Adjusted Gross Income (AGI). Single filers with an AGI below $75,000 earned the maximum benefit, whereas joint filers with an AGI below $150,000 earned the maximum benefit. Head of Household filers with an AGI below $112,500 also earned the full benefit.
Have Questions About How Stimulus and Child Tax Credit is Handled in a Divorce? Get Immediate Help from Our Arizona Family Law Attorneys.
Colburn Hintze Maletta
Family Law Attorneys
(602)932-2999
www.chmlaw.com
Address: 2150 E. Highland Ave, Suite 212, Phoenix, AZ 85016