Here's What You Need to Remember: Because of the ongoing pandemic, these credits have been extended to even more financially wounded families—and many of them are now eligible to collect as much as $3,600 per year for a child under the age of six and up to $3,000 for children between the ages six and seventeen. What this means is that eligible parents can receive a $250 or $300 payment each month through the end of the year.

Much like the previous weeks over the past couple of months, the Internal Revenue Service and the Treasury Department are likely gearing up to disburse another sizeable batch of $1,400 coronavirus stimulus checks under the American Rescue Plan.

Take note that just last week, the ninth batch of checks were sent out to eligible Americans, boosting the total figure to date to approximately one hundred sixty-five million checks. The most recent data indicate that only 14 percent of the $450 billion total earmarked for the third round of stimulus have yet to be sent out.

Similar to the eighth batch, the majority of the new payments—approximately five hundred thousand—targeted recent tax filers who previously did not have the necessary information on file at the IRS.

“Although payments are automatic for most people, the IRS continues to urge people who don’t normally file a tax return and haven’t received Economic Impact Payments to file a 2020 tax return to get all the benefits they’re entitled to under the law, including tax credits such as the 2020 Recovery Rebate Credit, the Child Tax Credit, and the Earned Income Tax Credit,” the IRS said.

Furthermore, recent announcements have confirmed that millions of cash-strapped Americans may be in line to receive other government-issued payments.

First are the tax refunds from the 2020 unemployment benefits, which will start heading out this week, according to the IRS. This new cash windfall was green-lighted via President Joe Biden’s $1.9 trillion legislation, which was able to waive federal tax on up to $10,200 of unemployment benefits—or $20,400 for married couples filing jointly—that were collected last year.

According to a recent Treasury report, it stated that roughly 7.3 million tax returns already processed by the IRS appear to qualify for the tax refunds. “Of the 7.4 million tax returns, nearly 7.3 million—or 98.6 percent—had modified adjusted gross income of less than $150,000 and would likely qualify for the exclusion,” the report stated.

Moreover, the Biden administration on Monday acknowledged that nearly forty million American families will start receiving monthly direct cash payments on July 15 via the expanded child tax credits.

Because of the ongoing pandemic, these credits have been extended to even more financially wounded families—and many of them are now eligible to collect as much as $3,600 per year for a child under the age of six and up to $3,000 for children between the ages six and seventeen. What this means is that eligible parents can receive a $250 or $300 payment each month through the end of the year.

“With today’s announcement, about 90 percent of families with children will get this new tax relief automatically, starting in July,” Biden said in a statement.

“For working families with children, this tax cut sends a clear message: help is here,” he added.

Ethen Kim Lieser is a Minneapolis-based Science and Tech Editor who has held posts at Google, The Korea Herald, Lincoln Journal Star, AsianWeek, and Arirang TV. Follow or contact him on LinkedIn. This article first appeared earlier this week.

Image: Reuters.