Although most families received six advance child tax credit payments in 2021, worth up to $1,800 per kid, others may have decided to opt-out before the first check was issued in July.
They could now receive up to $3,600 per child under the age of six when tax returns are filed in April.
The payments are part of the child and dependent tax credit. The credit is to help families provide care and support for their children by covering other costs.
The American Rescue Package was passed by Congress in March, creating a $1.9trillion relief package that expanded the CTC program to include direct payments for the first time.
To claim CTC when filing in 2022, you must file your tax returns for the previous year.
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