ARPA is for 2021 taxes.
Beginning in tax year 2021(the taxes you file in 2022) the Child Tax Credit will be expanded. The bill increases the amount that families claiming the Child Tax Credit receive from $2,000 to:
- $3,600 for each child under 6
- $3,000 for each child age 6-17
The credit is now fully refundable – that means that you are eligible for the credit even if you don’t owe taxes.
Although this credit is for next year’s tax filings, payments will also be sent in advance, over the course of the year, beginning no earlier than July 2021 so people don’t have to wait to file their 2021 taxes. The IRS will likely determine eligibility based on your most recent tax filing.
For more details regarding the ARPA and CTC use this link:
American Rescue Plan and Child Tax Credit
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