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bersetd1
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I filed my 2020 Tax Return. I have one child age 8 and another age 17. Why did I receive $250 total for the Advance Child tax credits?

 
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I filed my 2020 Tax Return. I have one child age 8 and another age 17. Why did I receive $250 total for the Advance Child tax credits?

if the 17 year-old will be 18 by the end of 2021, that child does not qualify for the credit.

I filed my 2020 Tax Return. I have one child age 8 and another age 17. Why did I receive $250 total for the Advance Child tax credits?

 

A1. For tax year 2021, the Child Tax Credit is increased from $2,000 per qualifying child to:

  • $3,600 for children ages 5 and under at the end of 2021; and
  • $3,000 for children ages 6 through 17 at the end of 2021.

Note: The $500 nonrefundable Credit for Other Dependents amount has not changed. For more information about the Credit for Other Dependents, see IRS Publication 972, Child Tax Credit and Credit for Other Dependents PDF.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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