For those with children, the American Rescue Plan increased the Child Tax Credit from $2,000 per child to $3,000 per child for children over the age of six and from $2,000 to $3,600 for children under the age of six, and raised the age limit from 16 to 17. All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent (also called Head of Household).
"Families can go to www.childtaxcredit.gov to learn more about this benefit.
Even if they did not file taxes last year, they can use this tool provided by the IRS to sign up to receive benefits. This is an important opportunity to help families recover economically from the pandemic and move forward.