Published on July 14, 2021 by Barron’s
By July 15, 39 million U.S. households, representing nearly 90% of children, will receive the first installment of the enhanced child tax credit. Families eligible for the full credit will be able to claim $3,600 per child for children under 6, or $3,000 per child for children between the ages of 6 and 17 in their 2021 tax returns—up from $2,000 per child.