The federal government relaunched a revamped website—ChildTaxCredit.gov—to help taxpayers file their taxes and access the remainder or the full amount of the expanded Child Tax Credit.
New Features: The website’s new features include eligibility information and a tool that directs taxpayers to free filing options based on their answers to various questions.
Background: The American Rescue Plan expanded the Child Tax Credit and allowed the IRS to distribute half of the credit to families through monthly payments. Taxpayers must file a tax return to receive the other half of their payments or to receive the full payment if they didn’t receive advance payments.
More: Additional information is available on ICBA’s frequently asked questions on the CTC payments.
