The advance monthly payments for the Child Tax Credit in 2021 are making filing taxes this 2022 tax season more complicated, so be sure to take these steps before you file—and/or get our advice quickly. Make sure you’re up to speed on how the Child Tax Credit has changed. For tax year 2021, the regular Child Tax Credit increased from $2,000 per qualifying child to: $3,600 for children ages 5 and under at the end of 2021; and $3,000 for children ages 6 through 17 at the end of 2021. However, these amounts will be lower if you received the advanced child tax credit last year. Advance payments. The advance payments of … Read More
