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Thousands of Americans are eligible for a direct payment worth up to $750 – how to apply

AMERICANS have a new lifeline for additional cash in the form of a child tax credit.

Eligible Connecticut taxpayers have until July 31 to claim the credit.

Connecticut and Vermont are among two of the states offering their own child tax creditCredit: Getty

The Connecticut child tax rebate was introduced as part of the 2022-2023 budget bill and signed into law in June by Governor Ned Lamont.

It offers a $250 per child tax credit for up to three children - worth up to $750 per family.

The state had a nearly $4billion budget surplus and decided to kick some of that money back to taxpayers.

Lamont said that he expects payments to go out in late August, around the start of the school year.

Governor Lamont said: "I strongly urge all eligible families in Connecticut to submit an application so that the rebate can be sent to you with no delays."

Who is eligible?

To be eligible for the credit, families must meet one of the following criteria:

  • A single filer or married filing separately with an income of less than $100,000
  • Head of Household with a salary of $160,000 or less
  • A married couple filing jointly making up to a maximum of $200,000

For earners above the limit, the state announced a credit reduced by 10% for every thousand dollars that the parental income is above the limit.

Eligible Connecticut residents can apply on the state portal.

Additional child tax credit opportunities

Vermont also has its own tax credit available for families with children.

Governor Phil Scott signed into law in May a $1,000 child tax credit for each child five years of age and under.

Meanwhile, Americans are still able to claim the federal child tax credit.

The CTC amount reverts back to $2,000 per child.

To receive 2022 child tax credit payments, families must wait until next year's tax season.

During the pandemic, child tax credits were boosted to a maximum of $3,600 under President Biden's American Rescue Plan, originally implemented in March of 2021.

The Sun explains the best ways to use your child tax credit.

Plus, we round up the cities and states offering free money for your kids' college.