The Tax Filing Deadline for 2020 tax filings, in order to get the Child Tax Credit (CTC), is Friday, October 15th. The deadline was extended due to possible delays and obstacles caused by COVID.
The American Rescue Plan Act increased the amount of the Child Tax Credit (CTC) for 2021 to $300 monthly per child under the age of 6 and $250 monthly under age 18. It also authorizes the IRS to send eligible families periodic advance payments of their 2021 CTC to help put money into the pockets of hardworking parents sooner.
From July through December 2021, eligible families should expect to receive advance payments totaling up to one-half of the full CTC amount for which they are eligible this year.