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Learn about the history and features of the federal child tax credit (CTC) in the United States, a partially-refundable tax relief for parents with dependent children. The CTC has been expanded and modified several times since its creation in 1997, most recently in 2021.
The child tax credit was expanded significantly in 2021 and many families received payments in advance, but you need to file an income tax return in order to get the full benefit. See: Child Tax...
The child tax credit is based off of your 2020 taxes, meaning that when you go to file your 2021 returns, an income change could set off a tax bill. If this is the case, you will be required to ...
Eligible families that didn’t receive any advance child tax credit payments during 2021 can still claim the full amount of the child tax credit on their federal tax return.
If you received the advance Child Tax Credit payments this year, keep an eye on your mailbox: The IRS will be sending a letter detailing how to account for the payments on next year's taxes. Learn...
Learn about the child tax credit, a tax benefit for parents with dependent children in various countries. Compare the eligibility, amount, and payment methods of the CTC in the US, UK, and Germany.
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