It's been almost a week since North Carolina started accepting income tax returns and the IRS has been open for business since late January.
With many people just now starting to file, WCNC Charlotte's VERIFY team is answering all of your questions about income taxes, credits, extensions and more.
One of the most popular questions involves the expanded child tax credit. In 2021, Congress changed the credit because the COVID-19 pandemic created hardships for many families. The goal was to put more money directly in families' pockets during the year instead of just at tax time.
THE QUESTION
Can you claim the child tax credit if you didn’t work or have income in 2021?
THE ANSWER:
Yes, you can claim the child tax credit if you didn’t work or have income in 2021. However, you need to make sure your tax return is filed correctly in order to do so. #WakeUpCLT #VERIFY #ChildTaxCredit
The American Rescue Plan Act of 2021 temporarily expanded child tax credits for the year. The law increased the credit to as much as $3,000 per child and $3,600 for children under 6 years old.
The American Rescue Plan made the credit fully refundable for families who lived in the U.S. for more than six months during 2021. And half of the credit was allowed to be paid in advance through monthly payments to families.
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