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Home / Tips and Tricks / Monthly Child Tax Credit Check of $ 500, $ 3,000, or $ 3,600 in Total Per Child: What to Expect

Monthly Child Tax Credit Check of $ 500, $ 3,000, or $ 3,600 in Total Per Child: What to Expect


Calculate how much money you can get from the extended 2021 child discount.

Sarah Tew / CNET

From July, unless you unsubscribe from monthly payments, the first of the seven controls that make up the child discount for 2021 should go out to you. Payments are authorized in The March Incentive Act, with half of your due arriving in the second half of 2021 and the other half in 2022. How the IRS split payment schedule and the qualification rules can be confusing. If your adjusted gross income before 2021 above a certain amount, you could get less money.

Estimate how much you could get with each payment by using CNET’s child discount calculator below. We also explain what happens when your child gets older than a payment bracket. There are also rules that parents who share custody a child should know and additional facts for that parents of 2021 babies. You don’t have to amended tax form if you’ve already filed your taxes (how track your tax status with the IRS).

The IRS is still sending stimulus controls, including “plus-up payments, “and will soon turn its attention to child discount payment details. We’ll share what we know so far. You can also see if your the state owes you money and how some could save up to $ 50,000 on their taxes this year. This is what we know about one fourth check, how the the following incentive account may benefit you and student loan forgiveness. This story has been updated.

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Child discount calculator 2021: your personal estimate

The new children’s tax credit raises the limits for 2020 from a maximum of $ 2,000 per child to a maximum of $ 3,600 – but the situation is quickly getting complicated. Qualified children 5 and under will count towards $ 3,600. Children between 6 and 17 years old count up to $ 3,000 per child; 18-year-olds and full-time students aged 24 and under can pay parents a one-time payment of $ 500.

Enter your details below, including your adjusted gross income, or AGI, to see your payment breakdown. This calculator does not store or use your data. The results are based on our current understanding of the law and should be treated as broad estimates only (the IRS will determine the final amount). We recommend that you consult a finance professional for a more personal estimate.

Child Discount Calculator for 2021

Use data from your 2019 or 2020 tax return.

1. Choose your filing status below.

Note: If your AGI is less than or equal to $ 75,000 as a single file, $ 112,500 as a householder, or $ 150,000 jointly, you will receive the full amount. For incomes greater than $ 150,000, your child discount payments begin to taper off by $ 50 for every $ 1,000 in income above the threshold.

Parents can opt out of receiving monthly payments this year

If you prefer to receive the money from your 2021 child discount in one go, you can unsubscribe from monthly payments once the IRS opens the online portal to help you make that decision and enter other information, such as if your AGI or other changed circumstances. The IRS is expected to open its child tax credit website by July 1.

Opting out means that instead of receiving $ 300 a month for your 3-year-old, and the rest of your money in 2022, for example, you can wait until next year to file your tax return for the full $ 3,600. to claim.

What happens if your dependent is older than a pay group?

If you have a 5-year-old who turns 6 by the end of the year, the total payment amount you can get for that child is $ 3,000. If you had a 17-year-old who turns 18 before the end of the year, you would receive a total of $ 500 for that dependent instead of $ 3,000.

There is more information on this qualifications that your child must meet so that you can receive advance payments. If you have a dependent who is a full-time student and turn 25 this year, you will not receive any compensation for them.


If you ever had a baby in 2021, you can claim up to $ 3,600 for your new addition.

Sarah Tew / CNET

Child discount data for parents of babies in 2021

With children born in 2021, you qualify for the 2021 tax credit of $ 3,600 per child (that’s up to $ 7,200 for twins). That is in addition to the payments for other qualified dependent children that you claim. Here’s our guide to it parents of 2021 babies, including what parents of adopted babies should know.

Important information about overpayments and incomes you want to know

Your family’s eligibility is largely determined by your adjusted gross income. So what happens if you get a new job or start making more money in 2021? What happens if the payments have already been made and you have spent the money?

The IRS has a plan for this, a child discount portal that the agency will make available July 1 so you can update your data. If you need to make an adjustment, the payment amounts you receive when you get a new income will be decreased reaches the phase out level, according to Garrett Watson, a senior policy analyst at Tax Foundation.

If you wait until 2022 to update your information when you file your tax return and you continue to receive the full amount based on your lower income, you should either have to pay back the excess money on your 2021 tax return next spring, according to Watson, accept a smaller refund due in 2021 or more in taxes.

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Your tax return for 2020 may affect the amount of your child tax credit. Here’s how

You must have your 2020 taxes to get the credit if you are a non-finder. The IRS will automatically make the payments for those who have filed their taxes through the May 17 tax expiration dateIRS Commissioner Charles Rettig said. So if you haven’t filed your tax return by then, the IRS won’t know whether to send you a payment. If you are planning one tax extension, you can probably use the IRS portal, where you can update your information in case you’ve been charged since the last tax return.

More qualifications that your family members must meet

There are some specific rules regarding qualifications not only for parents and guardians, but also for the children. Here’s What You Need to Know dependent qualifications for the child discount. And here’s how you can get back up to $ 50,000 through one-time credits and benefits.

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