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For 2021 taxes, the child tax credit has increased to $3,600 for children under six and $3,000 for children aged six to seventeen. If you received advanced payments last year, the total amount will be reduced. Parents of 17-year-olds are eligible for a $300 tax credit weekly, now tax-free. However, there will be more paperwork to claim this benefit. It is advised to wait for everything to be in place to avoid complications. No one should be living in poverty, and those with low incomes are eligible for the credit.
