The American Rescue Plan Act of 2021 will expand the Child Tax Credit for tax year 2021. This means eligible families with qualifying children will benefit from the credit even if they do not have earned income credit or do not owe taxes. Payments for the 2021 credit may be received as early as July of 2020. Please see the link below for more information and feel free to contact us with any questions. You can contact us at the office 504-525-7245 or by email.
Learn more here – American Rescue Plan Act of 2021 Expands Child Tax Credit | Internal Revenue Service