Biden Admits That Boosted Child Tax Credit May Not Be Possible for 2022

Biden Admits That Boosted Child Tax Credit May Not Be Possible for 2022

Last year, the enhanced Child Tax Credit was raised up to $3,600 for children under the age of 6 and up to $3,000 for those aged 6 to 17. Another big change that took place in 2021 was that half of the enhanced Child Tax Credit was paid in the form of monthly installments. President Biden had every intention of keeping the enhanced Child Tax Credit around in 2022.