The IRS and Treasury recently announced that millions of American families will soon receive their final advance child tax credit (CTC) payment for December.
Eligible families who did not receive advance payments can claim the credit on their 2021 federal tax return to receive missed payments and the other half of the credit.
The final batch of advance monthly payments for 2021 total about $16 billion to more than 36 million families nationwide. See details.
Under the American Rescue Plan Act, the IRS has given more than $93 billion to eligible families this year.