Child Tax Credit for 2021
What is the Child Tax Credit?
The American Rescue Plan Act expanded the Child Tax Credit (CTC) for 2021. In prior years, the CTC was $2,000 per qualifying child under the age of 17. In 2021, eligible taxpayers will receive up to $3,000 per qualifying child between the ages of 6 and 17. They will receive $3,600 per qualifying child under the age of 6.

These payments will phase out based on adjusted gross income. To review the eligibility requirements, click the link below.
When will you receive the enhanced Child Tax Credit payments?
The first half of the CTC will be paid in 6 monthly payments starting on July 15th. The second half will be included in your 2021 tax refund or used to reduce any 2021 tax liability.

The estimated timeline for eligible taxpayers that meet the income requirements is below:
The following link provides a calculator to estimate your 2021 CTC payments:
Important to Note
If you choose to receive the advance CTC payments, you are required to track the payments and provide details with your 2021 tax information. It's also important to note that this may reduce the refund that you would normally receive.

If you receive more enhanced child tax credit money than you are eligible for, you will have to return the overpayment to the IRS when you file your 2021 tax return. To avoid this situation, you'll need to make sure that your information is up-to-date before your first payment arrives.

If you do not wish to receive the advance payments or you need to make changes to your information, you must notify the IRS prior to July 15th, 2021 using the new IRS portal, which should be available by July 1st.

We will provide further information when the portal becomes available.