2021 Child Tax Credit Calculator

Big changes were made to the child tax credit for the 2021 tax year. The two most significant changes impact the credit amount and how parents receive the credit. First, the credit amount was temporarily increased from $2,000 per child to $3,000 per child ($3,600 for children 5 years old and younger). Second, it authorized advance payments to from July to December 2021. Half the total credit amount was paid in advance with the monthly payments last year, while the other half is claimed on