b'Child Tax Credit (CTC)Any child with a Social Security number whose parent has an Individual TaxpayerThree in 10 families that Identification Number (ITIN) can get the CTC if they meetreceived monthly CTC the other income and eligibilitypayments spent them requirements.* on kids school expenses.$3,600 The 2021 temporary $3,000 expansion to the CTC paysUpdates can (2021) (2021) $3,600 per year per childbe made to ages 05, and $3,000 perbank or address $2,000 $2,000 year for children ages 617.information on Barring an extension,the IRS CTC those figures will revertOne in four families with young to $2,000 for every childupdate portal.* children used CTC paymentsAgesAges 05 617 17 and younger. to cover childcare costs. Getting the CTC payment does not affect eligibility for Medicaid, the Supplemental Nutrition Assistance ProgramFour in 10 households used (SNAP), or Supplementalmost of their CTC payments Security Income (SSI). to pay off debt.Families who filed a taxNinety percent90%return in 2020 or 2019of children in or used the Economicthe U.S. qualify Impact Payment (stimulusfor the CTC, payments) non-filer portaleven if a parent has little to no income. last year automaticallyIn 2021, married couples makingAbout half of CTC recipients received monthly$150,000 or less per year can receivereported spending at least payments from Junethe full CTC benefit, and heads of through December, eitherhouseholds can make up to $112,500part of it on food.by direct deposit or mailedto receive the maximum CTC benefit.check, using any banking or address information on file. Filing for 2021 taxesCouples making will trigger the finalunder $24,800 disbursement of credits. annually and heads of households making under $18,650 mustAbout four in 10 used CTC file a tax return inpayments to pay rent, order to receivethe full CTC benefitmortgage, or utilities. for 2021. Based on results from the U.S. Census Bureaus experimental Household Pulse Survey (HPS) *See Resources located on page 11 of this booklet.9'