美国救援计划(ARP), which was signed into law by President Joe Biden on March 11, 2021, included important changes to the Child 税 Credit.
The ARP increased the 2021 Child 税 Credit from $2,每个孩子3美元,每6-17岁儿童000美元, 到3美元,6岁以下儿童600英镑. 税payers with adjusted gross income of less than $150,000 ($75,000 for individuals) are fully eligible for the credit, with credit phaseouts if income exceeds those thresholds.
除了, the ARP allowed the Internal Revenue Service to deliver half of the expected credit to eligible families beginning in July. The advanced payments will be up to $250 per month for each child between 6-17, 每个6岁以下的孩子每月300美元. 预付款将支付到12月, with the remainder of the credit being claimed or refunded when 2021 税 returns are filed in 2022.
While the increase of the Child 税 Credit is a major benefit, advancing the payments may be a concern for some families. For one, many Americans budget for one large 税 refund rather than smaller amounts each month. Another major concern that comes with advancing the payments is on the 税 compliance side. People may not remember how much they received in advance and, 因此, may not factor in what was already received when filing their 2021 税 return or paying quarterly estimated 税 payments. 这, 反过来, could result in 税 adjustment notices and even penalty assessments for errors on the 税payers’ return. 另外, many 税payers who will not be eligible to claim the Child 税 Credit on their 2021 income 税 returns (due to income limitations) are receiving the advanced payments.
Fortunately, the IRS has given 税payers an option to opt out of receiving the advanced payments. 可在以下国税局网站办理:
http://www.国Tax局.gov/credits-deductions/child-Tax-credit-update-portal
Even if the f国税局t advanced payment was received in July, 税payers can opt out of receiving any remaining payments through the end of the year.
到目前为止, there are no plans for the expanded credit or the advanced payments to continue after 2021. We will continue to provide more information on the advanced Child 税 Credit as it becomes available
