Filing Taxes? Save Thousands from Child Tax Credit Now

The child tax credit, often known as the “Kiddie Credit,” is a federal government benefit to assist eligible parents with qualifying dependent children in the United States.

It was first issued in 1997 and has been greatly expanded as part of the 2021 American Rescue Plan.

Whether you are wondering how much you could get back or if you even qualify for the credit, keep reading!

What is the Child Tax Credit?

The child tax credit is a tax break available to parents in the United States.

It’s a credit rather than a deduction because it reduces taxes paid, not taxable income.

The child tax credit can be worth up to $3600 per child for 2021 taxes, a significant amount of money you can receive every year to increase your family’s net worth.

How Much Can I Get for the Child Tax Credit?

If you are filing your 2021 taxes now, you are in luck. President Biden’s American Rescue Plan raised the credit amount for 2021.

The government boosted the Child Tax Credit from $2,000 to $3,600 for qualifying children under the age of six and $3,000 for other qualifying children under 18.

Do I Qualify for the Child Tax Credit?