As part of President Biden’s American Rescue Plan to help families through the pandemic, parents and guardians are eligible for up to $3,000 or $3,600 per child depending on the child’s age through the Child Tax Credit and many adults are eligible for additional money through the Earned Income Tax Credit. Eligibility for the EITC has been expanded from those who are 25-64 years old to now include those who are ages 64 and up.
The Child Tax Credit and Earned Income Tax Credit are large tax refund payments that people can receive when they file a tax return. The 2021 American Rescue Plan expanded who can receive these payments and increased the amount of money available to many families and individuals. These tax credits are not income. Receiving these benefits will not impact eligibility for other federal benefits.
The best way to receive these benefits is to file a tax return before April 18, 2022. Here is a flyer with more information (English and Spanish) and some places to go to get free help filing your taxes.
Here’s how you can determine if you are eligible or find free resources to help you file for the credit.