House Raises Child Tax Credit to $3,000, But Only for A Year

 

The House of Representatives passed the $1.9 trillion Covid-19 relief package on Saturday, which included a temporary increase for the child tax credit.

The House’s American Rescue Plan increases the child tax credit for 2021 to $3,000 per child ages 6 to 17 and $3,600 annually for children under 6. The enhanced payments, which specifically cover teens who are 17 for the first time, would start to phase out for individuals earning more than $75,000 a year or $150,000 for those married filing jointly. –

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www.cnbc.com/2021/03/01/house-raises-child-tax-credit-to-3000-dollars-but-only-for-a-year.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1614615896

 

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