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Child Tax Credit Information

 

The Child Tax Credit in the American Rescue Plan provides the largest Child Tax Credit ever and historic relief to the most working families ever – and as of July 15th, most families are automatically receiving monthly payments of $250 or $300 per child without having to take any action. The Child Tax Credit will help all families succeed.

The American Rescue Plan increased the Child Tax Credit from $2,000 per child to $3,000 per child for children over the age of six and from $2,000 to $3,600 for children under the age of six, and raised the age limit from 16 to 17. All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent (also called Head of Household).

What You Need to Know About the CTC:
The Child Tax Credit is part of the American Rescue Plan and aims to help families raising children make ends meet. Experts estimate the new Child Tax Credit has the potential to cut child poverty in half.

Who is eligible for the child tax credit?
Starting on July 15 and through the rest of the calendar year, payments will be made monthly at $250 per child between 6-17 years old or $300 per child under 6 years old. All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent (also called head of household).

What do families need to do to receive payments?
If families filed their 2020 taxes this year or filed 2019 taxes last year, or used the IRS “Non-Filer Portal” to get a stimulus check last year, they don’t need to do anything. If they didn’t file taxes in the last 2 years they can use the IRS Non-Filer tool.

Helpful links:

    • This is a one-stop-shop for information about the CTC
    • The IRS portal allows people who are not automatically enrolled in the CTC to sign up for the CTC and any economic impact payments they may have missed, even if they are not applying for the CTC.
    • Someone not filing for CTC can still file just for the economic impact payments through the non-filer sign-up tool.