After the American Rescue Plan Act of 2021 had passed, it included money for needy families with children. The expanded child tax credit (CTC) enables families to receive up to $3,600 per child, but only through the end of the year. Then the credit reverts to $2,000 per child.
The plan raised the amount of money that families with children would receive in 2021. Many families nationwide were undergoing hardship because of the pandemic. The increased amount was given to help poor families—and anyone with children.
The Expanded Child Tax Credit
The U.S. Treasury reveals that the Child Tax Credit was increased from $2,000 to $3,600 for children under 6, and $3,000 for children 6–17. The original amount only included children under 17, but the new program included 17-year-olds….