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The news follows an audit released in September by the Treasury Inspector General for the Tax Administration that found that $1.1 billion in Child Tax Credits were sent to 1.5 million ineligible ...
In 2021, the Child Tax Credit increased from $2,000 per child to $3,000 per child for children ages 6 to 17 and $3,600 per child for children under 6. The plan also raised the age limit from 16 to 17.
The expanded child tax credit expired at the end of 2021, but Vermont is planning to issue its own credit to families with young children. See: Child Tax Credit Update: Yellen Urges Americans to ...
3 Tax Credits Return to Pre-Pandemic Levels, Meaning Refunds Will Be Lower for Many. Those who received $3,600 per dependent in 2021 for the Child Tax Credit will, if eligible, get $2,000 for the ...
For information on the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, the second coronavirus relief package signed into law on December 27, 2020, please visit the "New ...
In 2021 alone, the temporary child tax credit helped child poverty decrease by 46%, lifting 716,000 Black, 820,000 white, and 1.2 million Latino children and families out of poverty.
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