Child tax credit increase?

[Akjonesie39]

I’m having a hard time understanding the increase of child tax credit. Is it automatically increased to $3,600 per child?  So confused 

[DoninGA]

The increase on the Child Tax Credit is effective with the 2021 tax return, not the 2020 tax return.

[Akjonesie39]

I’ve read that it could be monthly payments as well? 

[DoninGA]

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@Akjonesie39 wrote:

I’ve read that it could be monthly payments as well? 

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Any advance tax payments in 2021 will be handled by the IRS.

See this Kiplinger's website for detailed information on the Child Tax Credit - https://www.kiplinger.com/taxes/602389/families-get-a-3000-child-tax-credit-for-2021

[Akjonesie39]

Okay Gauge at turbo tax informed me that the increase will be $3k if over 6 years old and $3,600 if under and will be added in a lump sum in this years return. 

[xmasbaby0]

No.    It will not be added to your 2020 refund.   The increase in the CTC is not for 2020----as already stated.   Those monthly payments beginning in July will be sent out by the IRS.   Nothing about the increased CTC affects your 2020 refund.