Congress and President Biden passed a tax cut for most families with Children as part of the American Rescue Plan. how I can receive an expanded Child Tax Credit! we are expecting a child at the end of this month.
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That will be reported on your 2021 tax return next year.
How much would be the amount for it?
The credit is increased from $2,000 to $3,600 for a child under age 6.
Same credit but different method of receiving it. It is for advance payments before actual filing 2021 tax returns. Those links explain it.
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