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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 ...

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 ...

Additionally, families who received payments should have received a "Letter 6419, 2021 advance CTC" notice, which includes information on the amount of advance payments families have received and ...

Up to $1,400 per qualifying child is refundable with the Additional Child Tax Credit. You can find out if you're eligible for this refundable credit by completing the worksheet in IRS Form 8812.