It is not always possible to receive a tax refund from the IRS each year, but certain groups of Americans can do so and thus have a better budget each year.
But, in any case, it is critical to understand that we should not rely on a Tax Refund to boost our annual economy, as the rules can change from year to year, leaving us without that extra stimulus check.
Thus, payments from these IRS stimulus checks can be as high as $3,600 due to the Child Tax Credit, which provides a significant financial benefit to eligible families.
However, not all citizens with families are eligible for these types of checks from the IRS, so we must pay close attention to eligibility and all other requirements.
Getting a Tax Refund of up to $3,600 from the IRS in 2025
The Child Tax Credit is one of the most useful credits available through the IRS Tax Refund system. This type of credit will give us a significant advantage when it comes to paying taxes.
If we consider that we could not only avoid paying taxes but also receive a refund of up to $3,600, we can be confident that it is a good idea to obtain and apply for it.
Of course, we must strictly adhere to all of the requirements. The requirements are:
- The child must be a direct relative. So if they are not a child, stepchild or someone directly related, it will not be possible to apply for the Child Tax Credit.
- The child’s Social Security number must be valid.
- Likewise, the child must be included as a dependent on the taxpayer’s tax return.
- It is also mandatory that the child has lived for half the year in the taxpayer’s household.
- Finally, the taxpayer must cover (and be able to prove) half of the child’s maintenance expenses.
- In addition to all this, you must not have an income of more than $400,000 if you file a joint return. For single filers, the maximum amount is $200,000. If you exceed the thresholds, you can apply to the IRS for this Child Tax Credit, but you will lose $50 for every $1,000 you exceed the threshold.
The final amount obtained from this Child Tax Credit is directly related to all of the above, so the IRS will determine whether we will be eligible for this credit and how much we will receive based on our income, expenses, and other factors.
Also See:- If you meet 4 requirements you will have a $1,700 stimulus check very soon
