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How big will your child tax credit be on your 2021 tax return? Our calculator will give you the answer.
In detail, the latest child tax credit scheme allows each family to claim up to $3,600 for every child below the age of 6, and up to $3,000 for every child below the age of 18. However, these tax credits begin to phase out at certain income levels, depending on your filing status.
For tax year 2021, the Child Tax Credit increased from $2,000 per qualifying child to: $3,600 for children ages 5 and under at the end of 2021; and $3,000 for children ages 6 through 17 at the end of 2021.
Use our monthly child tax credit calculator to estimate how much you might receive. Since July, millions of families have received monthly child tax credit payments of up to $300 per...
The new child tax credit will provide $3,000 for children ages 6 to 17 and $3,600 for those under age 6. Here's how to calculate how much you'll get.
Enter your information in the calculator to see how you compare to these three families. How much will I receive per child? The maximum benefit is $3,600 per child under 6 and $3,000 per...
According to the IRS: "For tax year 2021, the Child Tax Credit is increased from $2,000 per qualifying child to: $3,600 for children ages 5 and under at the end of 2021; and $3,000 for children ages 6 through 17 at the end of 2021."
The IRS determined your advance Child Tax Credit payment amounts by estimating the amount of the Child Tax Credit that you will be eligible to claim on your 2021 tax return during the 2022 tax filing season.
Families with children are now receiving an advance on their 2021 child tax credit starting on July 15, 2021. The child tax credit calculator tells you how much money you might receive in advance monthly payments in 2021 and how much of the credit you’ll claim when you file your return next year.
The tool below applies the enhanced Child Tax Credit amounts and modified qualifications as part of the 2021 American Rescue Plan. Calculate your 2021 Child Tax Credit below by determining your eligibility based on basic information.