$2,000 Child Tax Credit + $550 State Tax Refund Checks Coming: The US government has recently announced $2,000 Child Tax Credit (CTC) and $550 state tax refund checks for children, which will benefit millions of families. Let’s know all the information about this.
$2,000 Child Tax Credit (CTC) per child
The IRS (Internal Revenue Service) will evaluate the amount of the child tax credit based on your household’s adjusted gross income (AGI) and the age of the dependent child. If the child is under six years of age as of December 31, you can claim up to $3,600 per child, provided you meet the income limits.
If there is any delay in the child tax credit payment, you are advised to update your bank details through the IRS’s online portal. This will allow you to receive the correct advance payment. Previously, parents could only receive up to $2,000 for children 16 years of age or younger.
$550 State Tax Refund Checks
Recently, the state of Michigan has begun issuing state tax refund checks of $550 to about 700,000 low-income people. These checks are for individuals who enrolled in the Earned Income Tax Credit (EITC) two years ago. According to CBS Detroit, eligible candidates do not need to provide additional documentation.
The checks have been issued following the state’s approval of a law that increased the state’s income tax credit from 6% to 30% of the federal tax credit. The program is specifically designed for residents who work but do not earn enough income to support their families.
Eligibility for the $2,000 Child Tax Credit

To be eligible for the child tax credit, you must meet certain conditions set by the IRS:
The dependent child must be under 18 by the end of 2025.
- The child must be a U.S. resident and must live with the applicant for more than half of the year.
- The applicant must provide financial support to the child throughout the year.
- The application must follow the income limits, as the payment amount may decrease as the income limits increase.
If the new law passes, the child tax credit will be increased to $2,000 for each qualifying child, with $1,600 of that being returned as a potential refund.
$550 State Tax Refund Checks Full Details
The state of Michigan recently notified millions of families that they may be eligible for a state tax refund check of $550. To receive this check, individuals must be working and their income must be less than $63,398. In addition, applicants must have a valid Social Security number.
What We Know
You are also informed that you can also receive payments for older children. While the amount won’t be as much, it could still be of some help.
FAQs On $2,000 Child Tax Credit + $550 State Tax Refund Checks Coming
Q. What is the eligibility for the $2,000 child tax credit?
A. If your child is under the age of 18 and lives with you more than half the time, you may be eligible for the child tax credit.
Q. Who can receive a $550 state tax refund check?
A. These checks are for individuals who were eligible for the Earned Income Tax Credit (EITC) and have incomes less than $63,398.
Q. How to apply for the child tax credit?
A. The application for the child tax credit can be done through the IRS’s online portal.