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For Advanced Child Tax Credit payments, how much will families receive for children that turn 6 in CY2021? $330/month or $250/month?
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posted
June 23, 2021
9:29 AM
last updated
June 23, 2021
9:29 AM
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For Advanced Child Tax Credit payments, how much will families receive for children that turn 6 in CY2021? $330/month or $250/month?
The credit is based on the child's age as of 12/31/21 ... there is no 1/2 year calculations. So if the child will turn 6 anytime in 2021 the credit for them is only $3000. Thus the advance credit is 1/2 of the $3000 = $1500 divided by hopefully 6 months = $250
June 23, 2021
9:39 AM
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For Advanced Child Tax Credit payments, how much will families receive for children that turn 6 in CY2021? $330/month or $250/month?
@Critter-3, is right on the money here. Below is a link that will provide some more information re the credit.
Hope this helps.
June 23, 2021
11:46 AM
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