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Level 1
July 21, 2021
Question

Ctc

  • July 21, 2021
  • 2 replies
  • 14 views

Why am i not getting it?

 

    2 replies

    Level 5
    July 21, 2021

    The child tax credit is based on a number of things including your address, if you have qualifying child and are within the income threshold. You can check to see if you are enrolled or find if you are eligible using the tools at https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

    You may receive half of the Child Tax Credit for each child in equal payments each month for the remainder of 2021. Payments will start in July.

    • For each qualifying child under age 6, you will receive up to $1,800 in advance, generally paid in six monthly payments of $300.
    • For each qualifying child age 6 through 17, you will receive up to $1,500 in advance, generally paid in six monthly payments of $250.

    These advance payment amounts begin to be reduced if your modified AGI exceeds:

    • $150,000 if married and filing a joint return or if filing as a qualifying widow or widower;
    • $112,500 if filing as head of household; or
    • $75,000 if you are a single filer or are married and filing a separate return.
    Level 5
    July 21, 2021

    This is going to vary widely on your circumstances. We recommend you speak directly with an expert yo outline your circumstances.

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