There’s still time to claim the Child Tax Credit before Tax Day on April 18, 2022. All working families will receive the full credit if a) a couple makes up to $150,000 or b) if a family with a single parent (also called Head of Household) makes up to $112,500. These families are eligible to receive $3,000 for each child between the ages of six and seventeen years old and $3,600 for each child under the age of six. The credit is also fully refundable. If you’ve filed tax returns for 2019 or 2020, or if you signed up to receive a stimulus check from the Internal Revenue Service, you will get this tax relief automatically. You do not need to sign up or take any action. If you have not, check your eligibility and get your filing options.
The Child Tax Credit – a cornerstone of federal COVID-19 relief legislation – has helped families cover essential needs, such as food, rent/mortgage, child care, school and after-school care, utilities or car payments. Although it expired on December 31, 2021, families can still claim the credit on their tax filings this year.
- Child Tax Credit: How to File Your 2021 Tax Return, USA Today, January 25, 2022
- Why Some Tax Refunds Fall Short of What Families Are Expecting, Susan Tompor, Detroit Free Press, February 24, 2022