Child Tax Credit Calculator

The Child Tax Credit system is included in this stimulus package, showing the government’s commitment to assisting families in overcoming any financial challenges created by the pandemic. Furthermore, by extending the Child Tax Credit through 2025, the program will be able to assist almost 65 million children.

The top limit has been raised to $3,600 per dependent, up from $2,000 previously. In addition, the child tax credit has been broadened to include children up to the age of 17.

Each family can claim up to $3,600 for each child under the age of six, and up to $3,000 for each child under the age of eighteen. However, at a certain income levels, these tax benefits begin to phase down.