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The American Rescue Plan Act (ARP) of 2021, a stimulus bill advanced by Democratic lawmakers and signed into law by President Joe Biden in response to the economic downturn caused by the COVID-19 pandemic, expanded the child tax credit by allowing qualifying families to offset, for the 2021 tax year, $3,000 per child up to age 17 and $3,600 per ...
The credit for 2021 increased to $3,600 per child under age six from $2,000 in 2020. Parents of children ages 6 to 16 also got an increase to $3,000 per child in 2021 from $2,000 the year before.
But as part of the $1.9 trillion coronavirus relief package, President Joe Biden expanded the program, increasing the payments to up to $3,600 annually for each child aged 5 or under and $3,000 ...
President Biden's stimulus package temporarily increases the child tax credit to $3,000 or $3,600 per child for most families. Half of it will be paid in advance later this year.
Per the new law, families with children ages 6 to 17 will receive an annual benefit of $3,000 for each child and $3,600 per child under the age of 6 for the 2021 tax year. Full credit is available ...
Under the Biden administration’s 2021 American Rescue Plan, the child tax credit was expanded from $2,000 per child to $3,000 per child for children over the age of six, and from $2,000 to ...
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