Beatty Encourages Eligible Central Ohio Families to Claim Expanded Child Tax Credit
COLUMBUS, OH—U.S. Congresswoman Joyce Beatty (OH-03) is urging families in Ohio’s Third Congressional District to file their taxes before the upcoming May 17th deadline to ensure they get the accurate amount in new advance monthly Child Tax Credit (CTC) payments. As a result of the American Rescue Plan (P.L. 117-2), a comprehensive COVID-19 relief package strongly supported by Beatty, Central Ohio families could get monthly payments of up to $300 per child beginning as soon as July. However, eligible families must file a 2020 tax return—even if they do not have earnings to report or do not normally file.
“The expanded Child Tax Credit will help set America’s children up for success and put more money in the pockets of hardworking parents sooner to pay for childcare or put gas in the car, so that they can go to work and help fuel our economy while building better lives for their families,” Beatty said. “It is imperative that eligible taxpayers file a 2020 tax return before May 17th—no matter their circumstances—to make sure they receive the financial support they are entitled to under the American Rescue Plan.”
According to data compiled by Co-Equal, a stunning 91.3 percent of children in the district will benefit economically from the expanded and improved CTC. Moreover, 53,000 households could see an average total benefit of $3,300.
In Ohio’s Third Congressional District, eligible taxpayers and families can prepare and file their taxes for free at IRS-operated Volunteer Income Tax Assistance (VITA) sites. To find the nearest location, visit https://irs.treasury.gov/freetaxprep/.
More information on the CTC, including frequently asked questions, is below:
How much are CTC advance monthly payments?
The American Rescue Plan expanded the CTC to up to $3,600 per child under five-years-old and $3,000 for children between the ages of 6 and 17. The measure also authorized advance monthly payments of the CTC through December 2021. Families will get their remaining expanded CTC when they file their 2021 tax return.
Who qualifies for CTC advance monthly payments?
Taxpayers will qualify for the full credit if their income is below $75,000 for single filers, $112,000 for head of household, or $150,000 for joint filers. To be eligible, children must: have a Social Security number, reside with the individual claiming them for at least half of the year, and be under 18-years-old as of December 31, 2021. Biological children, adopted children, stepchildren, half-siblings, foster children, grandchildren, nieces or nephews, and certain other relatives are eligible. In addition, the adult filing taxes must possess a Social Security Number or an Individual Taxpayer Identification Number (ITIN).
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