Released: November 07, 2021
Last chance to get advance child tax credit
Source: Michelle Singletary, Washington Post (Paid Registration)
It could be a financial lifeline just in time for the holidays — a child tax credit payment to cover food, rent or presents for children in households struggling to make ends meet.
The American Rescue Plan expanded the credit for the 2021 tax year to a total of $3,600 for children 5 and younger and $3,000 for those ages 6 to 17. In July, parents of children 5 and younger began receiving up to $300 a month per child. For parents of children ages 6 to 17, it’s up to $250 per child.
For those whose income has been too low to file a return, be sure to use the online sign-up tool. Code for America created a non-filer sign-up tool that can be used on a mobile phone and is also available in Spanish.
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