Help Employees Understand the New Child Tax Credit By Susan Barry,
Jul 12, 2021 9:37:43 AM The Child Tax Credit in the American Rescue Plan provides the largest Child Tax Credit ever and historic relief to the most working families ever – and most families will automatically receive monthly payments without having to take any action. This is major tax relief for nearly all working families: $3,000 to $3,600 per year, per child (paid in automatic, monthly installments). Employees who have filed tax returns for 2019 or 2020, or signed up to receive a stimulus check from the Internal Revenue Service, will be eligible to get this tax relief automatically. Read more »
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