The American Rescue Plan made it so millions of families across the nation were able to receive advanced payments of their child tax credit.
Some restriction may apply depending on your child’s age by the end of 2021.
It’s important to keep these in mind before next tax season.
Related: This tax break can save you up to $2,000
When do child tax credit payments end due to a child’s age?
The child tax credit payments are for families with children that are ages 17 and younger.
If your child is or turns 18 before 2021 ends, you won’t get a child tax credit payment.
Some 18-year-olds could be eligible for a different type of dependent credit.
If relatives are cared for as a dependent, they may qualify for a credit based on how long the dependent has lived there or their own income.
Related: Some parents who received child tax credits this week might need to pay the IRS back
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