WESTFIELD – State Sen. John C. Velis is touting the increased 2021 Child Tax Credit under President Joseph Biden’s American Rescue Plan as supporting families.
Under this plan, the 2021 child tax credit was increased to $3,600 per child under age six, and $3,000 for every child between age six and 17. To help families now, half of the child tax credit is being distributed beginning this week in monthly payments of $300 per child under six and $250 for every child over age six.
Velis said “the COVID-19 pandemic has shown how critical it is to support working families and the child tax credit is one of many federal and state responses to the great financial challenges that so many experience. Now that the Rescue Plan has been signed into law, it’s important that residents are able to take advantage of all federal supports available to them.”
Anyone who filed taxes in the past two years will automatically receive the monthly payment starting July 15. The remaining tax credit will be distributed when residents file their 2021 taxes nest year.
Anyone who did not file their 2019 or 2020 taxes can apply for the child tax credit by filling out a form on the childtaxcredit.gov website. To apply, an individual must have a reliable mailing address, an email address, their children’s social security numbers, the applicant’s social security number and a bank account if direct deposit is desired.
Most families are eligible, including single parents earning less than $112,000 per year and married couples that earn less than $150,000 per year. Eligible children must be under age 18 and live with the applicant for more than half of 2021.