News & Events

2021 Child Tax Credit

Starting July 15, the new Child Tax Credit in the American Rescue Plan Act provides monthly benefits of $250 per child between ages 6-17 and $300 per child under age 6. The IRS has launched a simplified online tool which will allow families not automatically enrolled in the program to receive the Child Tax Credit.

To qualify for advance Child Tax Credit payments, you — and your spouse, if you filed a joint return — must have:

  • Filed a 2019 or 2020 tax return and claimed the Child Tax Credit on the return; or
  • Given the IRS your information in 2020 to receive the Economic Impact Payment using the Non-Filers: Enter Payment Info Here tool; and
  • A main home in the United States for more than half the year (the 50 states and the District of Columbia) or file a joint return with a spouse who has a main home in the United States for more than half the year; and
  • A qualifying child who is under age 18 at the end of 2021 and who has a valid Social Security number; and
  • Made less than certain income limits, which are listed in an image below.

The IRS will use information that you provided earlier to determine if you qualify and automatically enroll you for advance payments. You do not need to take any additional action to get advance payments, but can still check if you’re eligible, manage your payments, file for the credit if you’re a nonfiler (if you don’t file taxes), and file your taxes if you have yet to do so.

For additional information on the Child Tax Credit click here.