Florence, South Carolina 2021-06-12 21:48:34 –
Cleveland (WJW) – Many families will begin prepayment of child tax credits this summer under the 2021 US Rescue Planning Act.
Family claiming 2021 child tax credit At the end of 2021, you will receive up to $ 3,000 per eligible child between the ages of 6 and 17. At the end of 2021, you will receive $ 3,600 per child under the age of six.
The official dates for monthly payments are July 15, August 13, September 15, October 15, November 15, and December 15.
Extended credit means the following:
- The credit amount of many taxpayers will increase.
- Credits for eligible children will be fully refunded. This means that taxpayers can benefit from credit even if they have no income or have not paid income tax.
- Credits include children who will be 17 years old in 2021.
- Taxpayers will be able to receive a portion of their credit in 2021 before filing their 2021 tax return.
The 2021 US Rescue Planning Act only expands 2021 tax credits.
Payment dates released for advanced child tax credit Source link Payment dates released for advanced child tax credit