Child Tax Credit
The CTC was increased and expanded in 2021 by the ARP, and most families are eligible to receive the credit for their children. For families with children, the 2021 CTC is $3,000-$3,600 per kid, based on their age. Many families received about ½ of their CTC in monthly payments in 2021. Families will get the rest of the CTC they are owed by filing taxes this year.