Expanded Child Tax Credit – L’Observateur


Extended tax allowance for children

Published Sunday 18 September 2022 at 9:00 am

Even though tax season is over, it’s not too late for parents to file and claim all eligible benefits!

  • If families haven’t yet filed taxes to receive their full child tax credit in 2021, there’s still time.
    • This year’s tax return deadline is fast approaching; Families who have not yet applied should do so as soon as possible.
  • Thanks to the American Rescue Plan, the Child Tax Credit has increased and expanded in 2021, and most families are eligible to receive the credit for their children.
  • For families with eligible children who did not turn 18 before the start of this year, the 2021 child tax credit is $3,000 to $3,600 per child, depending on age.
  • For families who have not yet filed taxes this year:
    • If they received a portion of their child tax credit as monthly payments in the past year (typically half of the total loan amount that the IRS estimates they would be eligible for), they can still receive their remaining child tax credit by you submit them.
    • If they qualify for the child tax credit but did not receive any monthly payments in the past year, they can still receive the full amount of the credit ($3,000 to $3,600 per child) if they apply.
    • For those who are required to file tax returns, the deadline is October 17.
  • Families must file a tax return to receive the full child tax credit. ChildTaxCredit.gov can help.
  • Go to ChildTaxCredit.gov to determine if you are eligible for the 2021 Child Tax Credit or find free resources to help you apply for the credit.

BENEFITS FOR FAMILIES

To help families return students to school, the administration is focusing on two programs: the Extended Child Tax Credit (CTC), which provides payments to eligible families with children, and the Affordable Connectivity Program (ACP), which provides eligible families access to high-speed Internet.

The American Rescue Plan (ARP) increased the CTC from $2,000 per child to $3,600 for children under 6 and $3,000 for children ages 6 to 17. While many received monthly CTC advances between July and December 2021, families must file a tax return for 2021 to receive the remaining balance of their CTC. By filing a tax return, families who did not receive prepayments in 2021 (e.g. those who gave birth to a baby in 2021 or those who did not file taxes in recent years and did not use the non-filer portal have), still get the full CTC. With only a few weeks left this year to file a tax return to claim the full amount of the CTC 2021 in the easiest and most secure way, families should file their taxes electronically as soon as possible. ChildTaxCredit.gov offers features to help families file their taxes and access the rest of the expanded CTC.

The bipartisan Infrastructure Act (BIL) introduced the Affordable Connectivity Program to give eligible households up to $30 off internet bills per month (or $75/month in tribal areas) and a one-time $100 off a connected device to grant. The Biden-Harris administration secured pledges from internet service providers across the country to offer high-speed plans that have full coverage – meaning millions of families can now get high-speed internet without paying a dime. An estimated 40% of the country’s households qualify for ACP, including families with household income at 200% or less of the federal poverty line (US$55,500 for a family of four) and households participating in certain federal programs (ignoring income). Includes households where at least one member receives a free or discounted school meal (including from any of the 33,000+ schools in the Community Eligibility Provision).s), a Pell Grant, Medicaid, SNAP, or WIC. GetInternet.gov is a one-stop shop to verify eligibility and sign up. The Department of Education also provides an ACP Back to School toolkit with ready-to-use backpack flyers that schools and community partners can use to help students and their families register.



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