News
Claim the Child Tax Credit by November 15
The American Rescue Plan expanded the Child Tax Credit to provide working families with advance monthly payments of $250 – $300 per child. Most families who have filed their 2019 and 2020 taxes already receive this credit. If you haven’t filed your taxes or need to report changes in income or household to the IRS, the deadline is November 15.
The American Rescue Plan increased the Child Tax Credit to $3,600 per child yearly and expanded the age limit from 16 to 17. Families will receive the full credit if they earn up to $150,000 as a couple, $112,500 as a single head of household, and $75,000 for other single filers. Households can also receive the full credit by filing their taxes next year. To learn more about eligibility, click here.