Who is eligible for Advance Payments of the Child Tax Credit?
Advance payments of the child tax credit will be sent to eligible taxpayers beginning July 15, 2021 and will be sent monthly through December, 2021.
Generally, taxpayers who have a qualifying child and whose main home was in the United States for more than half the year are eligible for advance payments of the 2021 Child Tax Credit. The taxpayer or their spouse if married filing a joint return, must have a Social Security Number (SSN) or an ITIN. Advance payments of the 2021 child tax credit will be made to eligible taxpayers for each qualifying child that has a valid SSN.
Eligibility requirements have changed for the 2021 Child Tax Credit. For tax year 2021:
- The maximum age requirement has been raised from 16 to 17.
- There is no minimum income or earned income requirement.
- The maximum income limitations have been raised. The credit begins to phase out when modified AGI is above $75,000 for single filers, $150,000 for married filing jointly and $112,000 for head of household filers. The 2021 Child tax credit is completely phased out when modified AGI exceeds $400,000 for married filing joint filers and $200,000 for all other filing statuses.