Child Tax Credit / Advance Child Tax Credit Payments 2021-22

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Update – 12/28/21: The IRS sent the last round of 2021 child credit payments on December 15, 2021.
Currently, as it stands right now, child tax credit payments won’t continue into 2022. However, there’s still a chance that the payments will continue into next year if the Build Back Better Act can be passed in 2022. The bill was passed in the House of Representatives and is awaiting action in the Senate, and it would extend the monthly payments, and other child tax credit enhancements, for one more year if it can get through Congress.Watch for advance Child Tax Credit letter
To help taxpayers reconcile and receive all of the Child Tax Credits to which they are entitled, the IRS will send Letter 6419, 2021 advance CTC, starting late December 2021 and continuing into January. The letter will include the total amount of advance Child Tax Credit payments taxpayers received in 2021 and the number of qualifying children used to calculate the advance payments. People should keep this and any other IRS letters about advance Child Tax Credit payments with their tax records.
Families who received advance payments will need to file a 2021 tax return and compare the advance Child Tax Credit payments they received in 2021 with the amount of the Child Tax Credit they can properly claim on their 2021 tax return.For additional information, visit the IRS website here

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The following is primarily summarized from Publication 972: Child Tax Credit (https://www.irs.gov/forms-pubs/about-publication-972) posted on the Internal Revenue Service (IRS) website.

WHAT IS THE CHILD TAX CREDIT?
The Child Tax Credit (CTC) is a tax credit for single or married workers earning low or moderate incomes who have dependent children under age 17. Workers who qualify for the CTC and file a federal tax return can receive a credit of up to $2,000 per child. The amount of the credit will depend on the worker’s income.  Workers whose earnings are too small to have paid taxes may also be eligible for the CTC.

WHO IS ELIGIBLE FOR THE CHILD TAX CREDIT?
To be eligible for the CTC refund, a single or married worker must:

CLAIMING THE CHILD TAX CREDIT:

To claim the child tax credit, you must file Form 1040.  You must provide the name and identification number (usually a social security number) on your tax return for each qualifying child.

FORMS TO BRING TO A TAX ASSISTANCE SITE
When visiting an Connecticut Tax-Aide Income Tax Assistance or VITA (Volunteer Income Tax Assistance) site, bring the following:

TO FIND PROVIDERS IN CONNECTICUT’S COMMUNITY RESOURCES DATABASE:

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SOURCES: 2-1-1 database; Publication 972 : Child Tax Credit posted on the Internal Revenue Service website
INTERNET PAGE PREPARED BY: 211/tb
CONTENT LAST REVIEWED: January2022