Do you have children ages 0-17? Raising children can be expensive, but there's financial help waiting for you, the Child Tax Credit. You may be able to claim half of the fully refundable Child Tax Credit - worth up to $3,600 per child - as advance monthly payments in 2021 and the other half as a tax refund in 2022.
To get advance monthly payment in 2021 if you were not required to file taxes, you must sign up by November 15, 2021. Use https://www.getctc.org to receive payments.
If your information is processed by the IRS by the end of November, you can receive a lump sum payment of up to $1,800 per child 0-5 and $1,500 per child 6-17 in December and you'll receive the other half of the tax credit when you file your taxes in 2022.
You are eligible for the full tax credit if you have no income or make up to
- $75,000 or less for single filers or married couples filing separately
- $112,500 or less for heads of household
- $150,000 or less for married couples filing a joint return or qualifying widows or
- widowers
You can receive payments even if you are incarcerated, experiencing homelessness or have no income.
Find Out More
Learn more here. Read frequently asked questions here. Get the basic facts here.
Get Help Getting Your Payments
An IRS certified VITA/TCE volunteer preparer with NYC Free Tax Prep can guide you on how to make sure you get your payments. Services are available year-round. For information or to book an appointment: Call 311 and say “tax preparation” or visit nyc.gov/taxprep.