The maximum amount of the CTC for the entire year is:
- $3,600 for children ages 5 and under at the end of 2021
- $3,000 for children ages 6 through 17 at the end of 2021
Early payments from the IRS of 50% of the estimated amount of the Child Tax Credit that a taxpayer may properly claim on their 2021 tax return during the 2022 tax filing season
The 50% of estimated CTC will be spread out in payments from July to December
Here is a link to the 2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions on the IRS website: https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-frequentl...
This is a link to the Child Tax Credit Update Portal which is where you would manage your account:
https://www.irs.gov/credits-deductions/child-tax-credit-update-portal
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
