![]() Dependents between the ages of 19 and 24 may qualify as well, but they must be enrolled in college full-time. Even if a parent makes little to no income, they are still eligible for the expanded child tax credit, but payment amounts do phase out with higher incomes.ĭependents who are 18 years old can qualify for $500 each. When families file their taxes in 2022, they'll get the remainder of the benefit they didn't receive through advance monthly installments. ![]() ![]() (Parents of newborns born in 2021 can also claim this credit in 2022.) Eligible families automatically received half the total of the payments in advance monthly installments in July through December 2021, unless they unenrolled. The new child tax credit was made fully refundable in 2021 and increased to up to $3,600 per year per child through age 5, and up to $3,000 per year for children ages 6 to 17.
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