opinion | sen. Michael Bennet: How to Claim Your Monthly Child Tax Credit?

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Wherever I go in Colorado, I meet parents who work incredibly hard — two or three jobs at a time — but struggle to afford housing, health care, early childhood education, higher education, and childcare. No matter how many jobs they have or how many hours they put into it, they cannot save for the future of their children or their own. The truth is, our economy has worked really well for the top 10% of Americans for the past 50 years, but left the rest of America behind.

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That’s why I fought for years to expand the child tax credit, which increases the income of 96% of Colorado families to help cover the rising costs of raising children. In March, President Joe Biden signed the US bailout plan into law, which included my proposal to significantly expand the tax credit for children — essentially all low- and middle-income families a tax cut in the form of regular, monthly payments.

As a parent, there is a good chance that you will be eligible for this extra income from July.



The Enhanced Child Tax Credit gives families an income increase of up to $3,000 per year for each eligible child ages 6-17 and up to $3,600 per year for each eligible child under 6. By July 15, most families will receive their first payment (up to $300 per child under 6 and up to $250 per child aged 6-17). This takes place on or around the 15th of the month in August, September, October, November and December. Families will get the rest of their credit with taxes next year.

If you have already submitted your 2020 tax return, you do not need to do anything to receive the Child Rebate. Most Colorado families begin receiving their payments automatically on or about July 15 as a direct deposit into their bank account or as a check in the mail. The government estimates your payment based on your 2020 tax return (or your 2019 tax return if you have not yet filed a return this year).



If you haven’t already, you will need to file your 2020 income tax return to receive the monthly payments. That’s possible at IRS.gov/child tax2021. If you do not need to file a tax return, you can also use this website to sign up for monthly payments. In the coming weeks, you can use this website to update your information about changes in your income, address, bank account, tax return status, and the number of eligible children. And if you prefer to receive your 2021 Child Tax Rebate in one go during tax time, you have the option to opt out of receiving the monthly payments on this website as well.

If you are unsure whether you qualify for the credit or need further assistance in the Denver metro area, contact the Colorado Taxpayer Advocate Service at 303-603-4600. If you need further assistance and live outside of the Denver metro area, please call 877-777-4778 to be put through to your local taxpayer.

More than 96% of families with children in Colorado will benefit from the extended child tax credit. For families, this means immediate monthly help to cover the cost of rent or groceries, or to save for your child to attend school or summer camp. It’s the most significant investment the federal government has made in American families and children in decades, and we want to make sure everyone eligible for these payments receives them. For more information, visit ChildTaxCredit.gov or IRS.gov/child tax credit.

sen. Michael Bennet

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