The child tax credit will see a sharp decrease after next year if lawmakers don't move to expand it. While members of both major political parties have talked a lot about potentially increasing ...

In 2021, President Joe Biden's American Rescue Plan was passed and brought with it substantial increases to the child tax credit. Under the law, the credit was expanded to pay out $3,600 per ...

This IRS worksheet helps you correctly calculate your ... but the advanced payments and higher credit amounts in the expanded child tax credit expired in 2021. If you’re a business owner ...