expanded Child Tax Credit

URI: https://gptkb.org/entity/expanded_Child_Tax_Credit
GPTKB entity
Statements (27)
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
https://www.w3.org/2000/01/rdf-schema#label expanded Child Tax Credit
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