Los Angeles County families who have not yet signed up for Child Tax Credit benefits are encouraged to sign up, as payments will begin to be directly deposited into bank accounts today.
Major Tax Relief for Nearly All Working Families:
The American Rescue Plan expanded the Child Tax Credit to up to $3,600 per child for children ages 0 to 5 and $3,000 per child for children ages 6 to 17.
The American Rescue Plan also authorized advance monthly payments of the Child Tax Credit through December 2021. Beginning in July and running through December, qualifying families can get up to:
Families will get their remaining expanded Child Tax Credit when they file their 2021 tax return.
Families will qualify for a full credit if their income is below $75,000 for single filers, $112,000 for people filing as head of household, or $150,000 for people who are married and filing jointly.
The child must have a Social Security Number, but the parents claiming the deduction can use either a Social Security Number or an Individual Taxpayer Identification Number (ITIN).
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