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The enhanced child tax credit was included in the American Rescue Plan passed earlier this year. It equals $3,000 a year per child for children ages 6 to 17, and $3,600 a year for children under 6.
The IRS has sent out a letter to families, Letter 6419, detailing the amount of money taxpayers received last year in terms of advance payments. You will need this letter in order to file your ...
The enhanced child tax credit is designed to give parents financial relief to help deal with fallout from the COVID-19 pandemic, but many might not know that the credits don't represent free money,...
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The 2021 credit gives eligible families $3,600 per child under age six, and $3,000 per child ages six to 17. Many families are already receiving half their credit in the form of monthly payments.
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