Child tax credit: you can still claim your refund even if you missed the online filing deadlines

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When the Biden administration passed the American Rescue Plan Act (ARP), it expanded the Child Tax Credit (CTC) temporarily for 2021, creating the largest U.S. child tax credit ever. The CTC has returned to its original amount of $2,000 per child for the 2022 tax year, but the enhanced credit for 2021 can still be claimed on your Taxes 2023.

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The deadline for using the GetCTC.org filing tool to claim the tax credits was November 15, and November 17 for the IRS Free Files Program. However, according to Roxy Caines, EITC campaign director at the Center on Budget and Policy Priorities (per CNBC), individuals and families who missed both still have up to three years to file their taxes and claim the tax credits. 2021 tax for which they may be eligible.

“It’s not the very last deadline,” Caines said. “People will be able to claim the tax credits they are entitled to until Tax Day 2025.”

Of course, to take advantage of this enhanced one-year child tax credit, families must meet the eligibility requirements and file their 2021 tax returns. In October, the The IRS sent notices to more than 9 million families who had still not filed federal income tax returns to let them know they may still be eligible for credits – including the CTC, Earned Income Tax Credit (EITC ) and the Recovery Rebate Credit (RRC), which is available to claim any stimulus money you didn’t receive but were entitled to.

The expanded CLC allowed most working families to claim $3,000 per child under 18 and $3,600 per child six and under. ARP also made the credit fully refundable and provided tax credit options for low-income families to take half the credit in six monthly installments.

All eligible families could receive the full credit if they earned up to $150,000 for a married couple or $112,500 for a single parent in 2021, according to ChildTaxCredit.gov.

The return to pre-pandemic payments will have a powerful impact on families struggling to meet the basic needs of their children. As reported by ChildTaxCredit.gov, the CTC has helped low-income families reduce their food insecurity 25% and supported the fight against growing child poverty.

In response to federal inaction, many state governments passed their own child tax credit legislation and sent direct payments to help struggling families.

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According to the Internal Revenue Service (IRS), to claim the 2021 child tax credit, you will need to enter the details of your children and other dependents on your Form 1040 (US personal income tax return). and attach a completed Schedule 8812 (credits for eligible children and other dependents).

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