Financial relief for families: The benefits of the Child Tax Credit

/ Posts Tagged "CTC"

Financial relief for families: The benefits of the Child Tax Credit

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February 12, 2025 , ,

Child Tax Credit benefit

The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new to claiming the credit or you’ve benefited from it for years, it’s crucial to stay current on its rules and potential changes. As we approach the expiration of certain provisions within the Tax Cuts and Jobs Act (TCJA) at the end of 2025, here’s what you need to know about the CTC for 2024, 2025 and beyond.
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Many parents will receive advance child tax credit payments beginning July 15

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May 25, 2021 , ,

child tax credit

Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue Plan Act (ARPA), will begin being made on July 15, 2021.

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