A single filer with no dependents with an Adjected Gross Income (wages) of $21,430 can receive up to $1,502 in EITC. The 2021 American Rescue Plan also expanded the Earned Income Tax Credit (EITC) with higher earned income/Adjusted Gross Income limits and up to $1,500 more in credit. The CTC provides a credit of up to $3,600 per child. Only half! To receive the full credit, even if you did not get advance payments in 2021, you will need to file a Federal Tax Return this year. If you qualify, these credits can be used to reduce the taxes you owe and may increase your refund.Īdvance payments of up to half of the 2021 Child Tax Credit (CTC) were sent to eligible taxpayers. The American Rescue Plan provides relief to most working families and individuals when they file their Federal Tax Return. Tax Relief Available for Working Families and Individuals through the American Rescue Plan Bringing Delco news and information directly to our residents!
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