The Child Tax Credit helps families with eligible children receive a tax credit. Even people who don’t normally file tax returns may be able to claim the deduction. Check the latest update of Child Tac Credit Eligibility, claim process and amount details.
Child Tax Credit
The American Rescue Plan Child Tax Credit provides the largest child tax credit in history and historic relief to the most working families ever. In this plan most families will automatically receive payments of $250 per month or $300 per month for their child. Benefits of every action. The child tax credit helps all families thrive.
Who’s Eligible?
Any eligible child with a valid Social Security number for employment in the United States can claim the Child Tax Credit.
Generally, to be a qualifying child for the tax year, a dependent must be:
- under 17 years of age at the end of the year.
- son, daughter, stepchild, eligible foster child, brother, sister, brother-in-law or sister-in-law, half-brother, half-sister, or a descendant of any of them (e.g., grandchild, niece, nephew).
- Do not provide more than half of your own financial support for the year.
- live together for more than half the year.
- Properly declared as a dependent on your tax return.
- Do not file a joint tax return with your spouse in a taxable year, or only to claim a refund of income taxes withheld or estimated taxes owed.
- A citizen of the United States. A U.S. citizen or resident alien.
- who meets all eligibility criteria and whose annual income does not exceed $200,000 ($400,000 if filing a joint tax return) for each qualifying child. You are eligible to receive the full amount of the Child Tax Credit.
How to claim for The Child Tax Credit?
Parents or guardians with higher incomes may be eligible for partial credit. Claim the Child Tax Credit by listing your children and other dependents on Form 1040 (U.S. Individual Income Tax Return) and attaching a completed Schedule 8812, Credit for Qualified Children and Other Dependents. Visit the official website of Internal Revenue Service IRS to check all the details.
Important Details
| Name of Plan | the Child Tax Credit |
| Country | USA |
| Amount Admissible | per child between the ages of 6 and 17 = $3,000
per child under the age of 6 = $3,600 |
Under this American Rescue Plan the child tax credit child aged 6 to 17 can get $2,000 to $3,000 per child and $2,000 to $3,600 per child under age 6. Working family couples will receive the full credit if they earn up to $150,000, and families with one parent (also known as the head of household) who earn up to $112,500.
The American Rescue Plan Child Tax Credit will be the largest child tax credit in history and provide historic relief to the largest number of working families. It Provides $3,000 to $3,600 per child to nearly all working families.