logo

Are the changes to the child tax credit in the American Rescue Plan permanent?

By EconoFact
NO

The American Rescue Plan, a large package of economic relief measures enacted in March 2021, increased the maximum child tax credit from $2,000 to $3,000 a year for each child aged 6 to 17, and to $3,600 for each child under age 6. The legislation also reduced the threshold for receiving the tax credit — couples who make $150,000 or less and single parents who make $112,500 or less became eligible. Furthermore, the tax credit can now be received as an advance payment (a monthly check). These changes expire at the end of 2021 unless Congress extends the program. President Biden has said he wants to maintain the child tax credit expansions through 2025.

This fact brief is responsive to conversations such as this one.
ABOUT THE CONTRIBUTOR
EconoFact is a non-partisan publication designed to bring key facts and incisive analysis to the national debate on economic and social policies. Launched in January 2017, it is written by leading academic economists from across the country who belong to the EconoFact Network. It is published by the Edward R. Murrow Center for a Digital World at The Fletcher School at Tufts University.
FACT BRIEF BY
facebook
twitter
email
email