Some households might be getting a bit of more money of their pockets this yr. – FOX13 Information Memphis

Memphis, Tennessee – Thanks to the expanded child tax credit approved by the American Rescue Plan Act.

Memphians learned this Saturday at the second of two tax events this weekend hosted by the IRS and the United Way.

“The Child Tax Credit is a credit for anyone who has children under the age of 17, and most people are eligible for this credit without doing anything,” said Letitia Williams, manager of the Taxpayer Assistance Center.

Williams said there are a few changes this year, including increasing the loan from $ 1,000 to a maximum of $ 3,000 per child.

“We’re here today to help taxpayers qualify for child tax deduction,” she said. “The child discount was changed this year to allow people to receive this advance year-round. Most people will have quality for it if they have children under the age of 17. “

The first monthly American Rescue Plan child tax credit payments were made on July 15 and will be paid monthly through December 15.

Families receive up to $ 300 per month for each child under 6 years of age and up to $ 250 per month for children 6 to 17 years of age.

Volunteers and IRS staff also helped people get other benefits such as: B. Registration for the third wave of stimulus checks valued at $ 1,400. You can also request the refund credit for any amount you may have missed on the first two exams.

Williams said events like this don’t just benefit families who benefit.

“It will kick off the economy and kick-start the economy and have people who can get this money all year round and not have to wait until the end of the year to get this loan,” she said.

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Alumni Affiliation raises cash to assist college students who can’t afford yearbooks – FOX13 Information Memphis

MEMPHIS, Tenn. – The pandemic has really hurt some high school seniors who need cash for expenses like scholarship fees, study applications, and yearbooks.

The Overton High School Alumni Association came together to help students who could not afford yearbooks because some of their parents had lost their jobs.

Members of the Overton High School Alumni Association said when the school president announced that students needed help, they knew they needed to act quickly. So they went on social media and asked for support.

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“They’re having trouble raising money to sell the yearbooks,” said Laura Ellison, who heads the Overton High School Alumni Association. “They reached out to me as the Overton alumni representative to see if they could get help getting the alumni and others to buy yearbooks and donate them to seniors.”

When she asked for support on social media, Ellison said they sold fewer than 50 to 100 yearbooks over the weekend.

Seniors still have to sell about 100 more.

If you want to buy a yearbook for a student, CLICK HERE.