Expanded Child Tax Credit 2021 Phase 2. You could be eligible to receive the $2000 child tax credit. The credit begins to phase they are often simply a percentage of the federal credit, but your state could expand eligibility, adjust the income thresholds or provide other incentives.
This temporary relief is provided.
The child tax credit is a refundable tax credit worth up to $2,000 per qualifying child and $500 per qualifying dependent. On saturday, the senate voted to pass the $1.9 trillion american rescue plan act , which includes provisions that increase the child tax credit to $3,000 per child ages 6 to 17 and $3,600 annually for children under 6 for the tax year 2021. Election to use your prior year earned income. The child tax credit for 2021 is considered a temporary reprieve for the year and would last only through 2021.
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