Child tax credit 2022 payment schedule — Parents could see $2,000 payments per child in 2022 — see if you’re eligible

FAMILIES that receive a child tax credit can expect reduced benefits after the expanded credit expired in December, but can still claim the original support on taxes in the future. Under the American Rescue Plan, the maximum federal child tax credit was boosted to $3,600 for 2021. However, for 2022, the maximum federal child tax credit is back to its pre-pandemic level of $2,000. Congress committed to providing families extra income and introduced $300 advance monthly child tax credit payments from July 2021 to December of last year. Although the boosted child tax credit received praise from families and economists… Read Full Article