Child Tax Credit 2021: Get Ready for Big Changes!

Are you aware of the upcoming changes in the Child Tax Credit for 2021?

Do you know how much the credit amount will be per child in the 2021 tax season?

Child Tax Credit 2021: Get Ready for Big Changes!

For the 2021 tax season, the Child Tax Credit has undergone significant changes to provide more support to families. Parents will receive an increased credit amount per child, which can make a big difference in their finances. Let's explore the details of this update!

The Child Tax Credit for 2021 has been expanded to $3,000 per child aged 6 to 17, and $3,600 per child under the age of 6. This is a substantial increase from the previous credit amounts and aims to help families cope with the financial challenges brought on by the COVID-19 pandemic.

Previously, the credit amount was $2,000 per eligible child, but the American Rescue Plan Act of 2021 has raised the credit and made it available to more families. This increase will provide much-needed relief to parents struggling to provide for their children during these tough times.

It's important for families to be informed about these changes and make the most of the increased Child Tax Credit for 2021. With the additional financial support, parents can better meet their children's needs and expenses, ensuring their well-being and development.

Make sure to check the eligibility criteria and claim the correct amount of Child Tax Credit in your tax filing for 2021. The increased credit can make a significant difference in your tax refund or liability, so don't miss out on this valuable opportunity!

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