Child tax credit 2022 schedule – Expanded CTC payments of up $3,600 may continue in 2022 – here’s where it stands

AFTER Joe Biden enacted the American Rescue Plan in 2021, the Child Tax Credit was expanded to one year, giving families between $3,000 and $3,600 per child. The Child Tax Credit, on the other hand, was increased for only a year, and without additional growth or approval of Biden’s Build Back Better framework this year, the advanced credit will revert to its original maximum value of $2,000 per qualified child. The expanded Child Tax Credit’s fate is still up in the air. The conclusion of a new Build Back Better-type measure will determine whether Biden can prolong the expanded CTC… Read Full Article