It is estimated that between four and eight million families that are eligible for Child Tax Credit payments may be forfeiting those benefits if they do not file their income taxes by Nov. 15.
It is estimated that between four and eight million families that are eligible for Child Tax Credit payments may be forfeiting those benefits if they do not file their income taxes by Nov. 15.
The Child Tax Credit in the American Rescue Plan provides the largest Child Tax Credit and historic relief ever to the most working families – and as of Jul. 15, most families are automatically receiving monthly payments of $250 or $300 per child without having to take any action. The Child Tax Credit will help all families succeed.
The Child Tax Credit in the American Rescue Plan provides the most extensive tax credit ever for those with child-age dependents. Nearly all working families are eligible to receive $3,000 to $3,600 per child. Those that filed income taxes should already be receiving payments.
Don’t lose out on these benefits that are designed to help working families navigate financial difficulties. Click here for more information in English and Español.