December 20, 2022
The child tax credit has been available at the federal level since 1997. Before 2021, families were able to take advantage of a $2,000 credit per child.
Under the American Rescue Plan, the credit was expanded to $3,000 per child between the ages of 6 and 17, and $3,600 for every child under 6 years old.
“It changed in three really meaningful ways under the American Rescue Plan,” said Aidan Davis, a state policy researcher with the Institute on Taxation and Economic Policy.
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