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 The American Rescue Plan

The American Rescue Plan

The American Rescue Plan Act contains several tax breaks for you and your family, this is one of them:

✔ The CTC for 2021 increases from $2,000 to $3,000 for kids ages 6 to 17 and $3,600 for kids ages 5 and under.

✔ To receive the full tax credit your adjusted gross income must be under $75,000 (Single); $150,000 (Joint); or $112,500 (Head of Household).

✔ If your income is above those thresholds, you can still receive $2,000 per child if your income is less than $200,000 (Single, Head of Household); or $400,000 (Joint).

✔ You can receive up to 50% of your 2021 child tax credit in 6 monthly payments starting July 2021.

☎ If you need more information, please contact us at (954) 442-8771http://www.cpcaccounting.com/Pembroke Pines – FloridaOrlando – Florida.
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