Expanded child tax credit – L’Observateur

Expanded child tax credit

Posted at 9:00 a.m. on Sunday, September 18, 2022

Even though tax season is over, it’s not too late for parents to file and claim all eligible benefits!

  • If families haven’t yet filed taxes to receive their full 2021 child tax credit, there’s still time.
    • The deadline for filing this year’s tax returns will soon be approaching; families who have not yet submitted an application should do so as soon as possible.
  • Thanks to the US bailout, the Child Tax Credit has been increased and expanded in 2021, and most families are eligible to receive the credit for their children.
  • For families with eligible children who had not turned 18 before the start of this year, the 2021 child tax credit is $3,000 to $3,600 per child, depending on their age.
  • For families who have not yet filed their tax return this year:
    • If they received part of their child tax credit in monthly payments last year (usually half of the total amount of credit the IRS estimated they would be eligible for), they can still get their remaining child tax credit by filing a return;
    • If they qualify for the Child Tax Credit but did not receive monthly payments last year, they can still receive the full amount of the credit ($3,000 to $3,600 per child) when they file .
    • For those who are required to file tax returns, the deadline is October 17.
  • Families must file a tax return to receive the full child tax credit. ChildTaxCredit.gov can help.
  • Go to ChildTaxCredit.gov to determine if you qualify for the 2021 child tax credit or find free resources to help you apply for the credit.

BENEFITS FOR FAMILIES

To support families as students return to school, the administration is highlighting two programs: the expanded Child Tax Credit (CTC), which provides payments to eligible families with children, and the Affordable Connectivity Program. (ACP), which helps eligible families access fast internet.

The American Rescue Plan (ARP) has extended the CTC from $2,000 per child to $3,600 for children under 6 and $3,000 for children 6-17. While many received advance monthly payments from the CLC between July and December 2021, families must file tax returns. return for the year 2021 to receive the remaining amount of their CTC. Also, when filing a tax return, families who did not receive installments in 2021 (such as those who welcomed a baby in 2021 or those who have not filed taxes in recent years and have not not used the non-filers portal) can still receive the full CTC. With just a few weeks left to file a tax return this year, in order to claim the full amount of the 2021 CTC in the easiest and safest way, families should file their taxes electronically as soon as possible. . ChildTaxCredit.gov offers features to help families file their taxes and access the rest of the expanded CTC.

The bipartisan Infrastructure Act (BIL) established the Affordable Connectivity Program to provide eligible households with up to $30 per month off internet bills (or $75/month on tribal lands), as well as a $100 one-time discount on a connected device. The Biden-Harris administration secured commitments from internet service providers across the country to offer fully covered broadband plans, meaning millions of families can now get high-speed internet access without paying a dime. An estimated 40% of households nationwide are eligible for CPA, including families whose household income is at or below 200% of the federal poverty level ($55,500 for a family of four), as well than households participating in certain federal programs (irrespective of income). Among others, households where at least one member receives a free or reduced price school lunch (including from one of the more than 33,000 Community Eligibility Provision schoolss), a Pell grant, Medicaid, SNAP or WIC. GetInternet.gov is a one-stop shop for checking eligibility and registering. The Department of Education is also providing a CPA “Back to School” Toolkit with a ready-to-use backpack leaflet that schools and community partners can use to help students and their families register.

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