Child Tax Credit 2022 update — Americans still have a chance to claim $3,600 per child

MILLIONS of families may be eligible for thousands of dollars in support, though monthly payments have stopped. Although Congress did not renew the child tax credits provided by the American Rescue Act, the credit was doubled to a maximum payment of $2,000 per child. Families will need to wait until next year’s tax season to claim their 2022 child tax credit. In the meantime, the Biden administration has initiated a new online portal to ensure low-income parents that didn’t file tax returns can get their hands on their advanced child tax credits. With the online portal, families can claim up… Read Full Article