expanded Child Tax Credit

URI: https://gptkb.org/entity/expanded_Child_Tax_Credit

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:tax_law
gptkbp:acceptsPaymentMethod	gptkb:credit_card direct deposit check
gptkbp:administeredBy	gptkb:Internal_Revenue_Service
gptkbp:age	children under 18
gptkbp:appliesTo	gptkb:United_States
gptkbp:dateEnacted	2021
gptkbp:eligibility	gptkb:U.S._citizens_and_resident_aliens
gptkbp:expansion	gptkb:American_Rescue_Plan_Act_of_2021
gptkbp:expirationYear	2021
gptkbp:formerName	gptkb:Child_Tax_Credit
gptkbp:fullyRefundable	yes
gptkbp:increasedFrom	$2,000 per child
gptkbp:maximumCreditPerChild	$3,600
gptkbp:monthlyPayments	July-December 2021
gptkbp:phaseOutThreshold	$112,500 for head of household $150,000 for married filing jointly $75,000 for single filers
gptkbp:purpose	reduce child poverty
gptkbp:reduces	Build Back Better Act not passed
gptkbp:relatedTo	gptkb:Child_Tax_Credit gptkb:American_Rescue_Plan_Act gptkb:Earned_Income_Tax_Credit
gptkbp:bfsParent	gptkb:Economic_Security_Project
gptkbp:bfsLayer	6
http://www.w3.org/2000/01/rdf-schema#label	expanded Child Tax Credit