The American Rescue Plan Act of 2021 greatly increased and enhanced the Child Tax Credit for 2021 -- but only for one year. For this year only, the Child Tax Credit grew from $2000 (with $1400 being "refundable" for children ages 0-16) to $3000 (all of it refundable for children ages 6-17) and $3600 (all of it refundable for children ages 0-5). Also, half of the Child Tax Credit will be paid in ADVANCE this year, from July through December 2021. The rest will be claimed on the 2021 tax return, as usual. The income limits have increased, and the requirement to have earned income in 2021 has been eliminated. So, people who qualify for the full Earned Income Credit will ALSO qualify for the full Child Tax Credit in 2021!

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