Child tax credit: Exciting adventure or perilous journey?
John LaConte/jlaconte@vaildaily.com GYPSUM — Carla Whirley is a taxidermist, not to be confused with a tax specialist. But with more people hunting during and following the pandemic, business is good, and she’s taking a second look at accepting the monthly payments available to her as a mother of two under the recent expansion of the child tax credit. In 2021, as a result of the American Rescue Plan’s Child Tax Credit, families will be allowed to claim a $3,000 tax exemption per child, up from the $2,000 allowed in previous years. And for kids under 6, the exemption has moved to $3,600.