What is the Child Tax Credit?

The child tax credit is a refundable tax credit for families with children under 17.

The child tax credit is a refundable tax credit for families with children under 17. Parents, grandparents and other guardians can claim this credit per child even if they have little or no income. But you must file your taxes or go to GetYourRefund.org.

This year, families can claim $3,600 per child under age 6 and $3,000 per child ages 6-17. The amount of the Child Tax Credit for 2021 was increased thanks to the American Rescue Plan.

Even families who received monthly Advance Child Tax Credit payments from July through December 2021, still have more to claim. Those payments were only half of the estimated amount. The other half can be claimed when you file your taxes.

If you received the Child Tax Credit in 2021, you received a Letter 6419 from the IRS to make sure you received the right amount. Don’t lose this letter! Click here for more information.

Taxpayers can benefit from the credit even if they don’t have earned income or don’t owe any income taxes.

Didn’t file your 2021 taxes yet? It’s not too late! File now to claim your increased Child Tax Credit and other credits like the federal EITC.

Frequently Asked Questions

How was the money sent?

In 2021, you may have seen a direct deposit in your bank account from the IRS of up to $300 dollars per child. Or you may have received a check or debit card in the mail.

Do I have to pay this back? Is it a loan?

No, it is not a loan. It is an advance of money you would get back from your tax return. The monthly payments equal half of the expected tax credit for each child. You receive the other half when you file your taxes.

What if I don’t qualify for the full Child Tax Credit when I file my taxes next year?

Your family’s circumstances may change by the time you file your taxes in 2022, but low-income families are protected from paying back overpayments if they are single filers making less than $40,000, heads-of-household filers $50,000, and married filing jointly $60,000. If you make more than these amounts, you may be required to pay back some funds.

What if I didn’t get the payment? Should I have?

If you have children age 17 or younger, filed your taxes in 2019 or 2020 or received one of the three stimulus payments, and make under $75,000 if a single taxpayer, $112,500 as head of household or $150,000 for married couples, you should receive the Child Tax Credit.

My child doesn’t have a Social Security Number (SSN), do I qualify for the Child Tax Credit?

Unfortunately, no. Your child has to have a SSN for you to qualify for the Child Tax Credit.

My child has an SSN but I have a Taxpayer Identification Number (ITIN), do I still qualify for the Child Tax Credit?

Yes! As long as your child has a SSN, you may qualify for the Child Tax Credit.

What if I don’t owe taxes or don’t file my taxes?

Taxpayers can benefit from the credit even if they don’t have earned income or don’t owe any income taxes. To claim the Child Tax Credit, you must file your taxes.