when will parents get child tax credit

Best answer


2021

People also ask


  • When did the child tax credit start and end?

  • The monthly payments started in July and ended in December, with families receiving in cash up to half the credit鈥檚 total value of $3,600 per child under 6 and $3,000 per child ages 6 through 17. Families received the remaining credit when they filed their tax returns this year.

  • How much will the child tax credit pay for your child?

  • Last year, under the boosted Child Tax Credit, families could receive up to $3,600 per child under the age of 6, and up to $3,000 per child aged 6 to 17. By contrast, this year, the Child Tax Credit maxes out at $2,000 per child.

  • What is the child tax credit amount for 2021?

  • As part of the American Rescue Plan, the Child Tax Credit was expanded for 2021 only to include qualifying children ages 17 and under and increased from $2,000 to up to $3,600 per child. It also allowed families the option to receive a half year鈥檚 worth of credit as monthly Child Tax Credit payments in 2021.

  • Do I qualify for the child tax credit for other dependents?

  • You may qualify for the Credit for Other Dependents for a child or dependent who is not a qualifying child for purposes of the Child Tax Credit. Under the American Rescue Plan Act of 2021, we sent advance Child Tax Credit payments of up to half the 2021 Child Tax Credit to eligible taxpayers.

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