CHARLOTTE – Hey Tax Payer. The Child Tax Credit extended for another year under Build Back Better.
So, Let’s Get To It…
The Child Tax Credit, CTC, will extend to millions of our fellow American through 2022. During the 2021 tax season the CTC was increased from $2,000 to $3,600 for dependences between ages 5 and younger. Through the Advance Child Tax Credit, ACTC, you able to receive a monthly $250 to $300 check from July through December.
Since the signing of the Build Back Better Bill, BBB, the plan will continue through 2022 with the rate of $3,000 to $3,600 of CTC. The Monthly $250 to $300 will also continue through the coming year. In total 35 million households of our fellow Americans would be eligible to access this assistance. The threshold to receive this benefit will remain at $75,000 AGI for Single filers and $150,000 AGI for Couple filing Married Filing Joint.
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