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On Dec. 31, 2021, the expanded child tax credit expired when Congress failed to renew it. The last checks issued went out on the 15th of the month, leaving millions of families out of luck.
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.
e. The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provides $2,000 in tax relief per qualifying child, with up to $1,400 of that refundable (subject to a refundability threshold, phase-in and phase-out [b] ). In 2021, following the passage of the American Rescue ...
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 ...
The expanded tax credit — which has been credited with sharply reducing child poverty — is set to expire after this year unless it's extended in new legislation, a move the White House supports.
If the extension expires, child tax credits will revert to the normal amount. A married couple with a combined income of $400,000 or less can receive up to $2,000 per child. However, the payments ...
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