VincentL12345
Expert Alumni

Deductions & credits

In order to qualify for this benefit program, the child you are claiming the credit for must be under the age of 17. A qualifying child must be a son, daughter, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them (for example, your grandchild, niece, or nephew).

 

For every dependent child under the age of 6, families will get up to $3,600 under the expansion, or $300 per month. For every dependent child ages 6-17, the amount is $3,000, or $250 per month. 

 

The amount starts phasing out for families with higher incomes, above $150,000 for married couples filing jointly, or $112,500 for single parents who file as head of household.

 

You will probably need to receive the payments in 2022 when you file your 2021 tax return. I would still try the IRS website to see if you are able to update your record.

 

Here is the link to the IRS portal:

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

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