Child Tax Credit 2021

Major expansion: The Child Tax Credit in the American Rescue Plan provides the largest child tax credit ever and historic relief to the most working families ever. If you’ve filed tax returns for 2019 or 2020, or if you signed up to receive a stimulus check from the Internal Revenue Service, you will get this tax relief automatically. You do not need to sign up or take any action. 

Advancing your tax relief: Normally, tax relief for the year only comes the following year when you file your taxes, no matter how much you need it now. This year, you’ll start getting the money in July. Monthly payments starting in July: For the first time, people will receive the Child Tax Credit in monthly payments. For every child 6-17 years old, families will get $250 each month, and for every child under 6 years old, families will get $300 each month. $3,000 per child 6-17 years old $3,600 per child under 6 years old All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent (also called head of household). 

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