2021 Child Tax Credit Calculator

How big will your child tax credit be on your 2021 tax return? Our calculator will give you the answer.

Big changes were made to the child tax credit for the 2021 tax year. The two most significant changes impact the credit amount and how parents receive the credit. First, the credit amount was temporarily increased from $2,000 per child to $3,000 per child ($3,600 for children 5 years old and younger). Second, it authorized advance payments to eligible families from July to December 2021. Half the total credit amount was paid in advance with the monthly payments last year, while the other half is claimed on the 2021 tax return that you file this year. (These changes only apply for the 2021 tax year.)

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here