The Child Tax Credit (CTC) is one of the most important tax cuts for working families in more than a generation. 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. Just four months after the passage of the American Rescue Plan, families of 60 million children started to receive monthly payments, on the same day of every month, providing relief in every corner of the country. Moreover, families of 26 million lower-income children are now receiving the full credit for the first time - previously these families would have received less than the full credit because their incomes were too low. The number of Black and Hispanic families eligible for the full CTC also has doubled.
Biden- Harris Administration Whole-of-Government Effort to Ensure Child Tax Credit Reaches All Eligible Families
The White House
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