By Stephen Hamway, Albuquerque Journal
Oct. 1, 2021

If you have a child, the odds are pretty good that you already know about the federal Child Tax Credit.

But it’s been a busy year, so you may have missed the news that the tax credit was expanded this year to cover more Americans, and to provide more money to those already covered.

The federal American Rescue Plan Act increased the tax credit from $2,000 per child to $3,000 for children over the age of 6, and from $2,000 to $3,600 for children under the age of 6. Additionally, it raised the age limit of a qualifying child from 16 to 17. All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent, according to the White House’s fact sheet on the expansion.

Both the White House and the Internal Revenue Service have a lot of information about the newly expanded program. But there are so many different family situations that we still had questions. That’s why we hopped on the phone with Amber Wallin, deputy director for New Mexico Voices for Children, to get answers to a few specifics on the program.

Read more in the Albuquerque Journal