What is the CTC?

The federal Child Tax Credit (CTC) helps families manage the cost of raising children. Under current law the credit is worth up to $2,000 per eligible child (under age 17 at the end of the tax year). For 2021 only, the American Rescue Plan Act increased the maximum credit amount to $3,600 for children under age 6 and $3,000 for children aged 6-17, made the credit fully available to children and families with low incomes, included 17-year-olds for the first time, and issued half of the credit through advance monthly payments.

Read more about the CTC.

What states have a CTC?

Read about the impact of state CTCs.

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