New child tax credit expansion explained: $3600 per kid 2021
Process: With the passage of the landmark piece of legislation, there are a lot of questions about the $1.9 trillion bill. Among various policy goals, one piece of the bill getting a lot of attention relates to the child tax credit. The Verify Team spoke with Edward S. Karl, the Vice President of Taxation at the American Institute of CPA's to get to the bottom of some of the biggest questions. How big is the credit? Who qualifies? The child tax credit will now be $3,600 per year for each child under the age of six. It will be $3,000 per year for each child between six and 17.