It should be recalled that the House of Representatives approved an extension of the child tax credit increase and advance payments after ratifying the Build Back Better bill in November, a support in the midst of the COVID-19 pandemic crisis.
However, Senator Joe Manchin, whose vote is needed for passage of the bill, said last Sunday that he will not support the bill, a blow to many families.
What are advance child tax credit payments?
Since last July, all eligible parents with 2019 or 2020 tax returns filed with the IRS were to be automatically enrolled to receive monthly payments as an advance on the 2021 tax credit.
The payments were on a monthly schedule and began in July, although parents could only receive half of the total child tax credit money ($1,800 or $1,500) through those payments: $300 per child per month under age 6 and $250 per child per month ages 6 to 17.
Will the IRS send more monthly child tax credit checks in 2022?
Pending Senate Democrats convincing Manchin to support the bill, you could receive child tax credit money with your IRS tax refund in 2022.
If you and your family are eligible and received each payment between July and December of this year, you can expect to receive up to $1,800 for each child age 5 or younger, or up to $1,500 for each child between the ages of 6 and 17, when you file your 2021 taxes.