CNET: Child tax credit 2021: When will families get more money? Here’s what you should know

The bill also would expand other child-related credits so families could claim up to half their child-care expenses on their taxes.

For the bottom 20% of families in terms of income, the proposed expansion of the CTC would increase income by an average of 9.7% — even higher if you consider only tax filers with children, according to the Institute on Taxation and Economic Policy. Read more