Child tax credit 2021 – IRS December payment could be the last if enhanced credit isn’t extended
Boost your child tax credit
One way of boosting your payment is to update your income details.
The deadline to do so for the November 15 payment was on the same day, but you can still do it for the December 15 instalment.
By doing so, families who are currently receiving monthly payments which are below the maximum may get an increase in the final payment.
This could happen if you lost your job in 2021 or for another reason are receiving substantially less income this year.
However, for families already receiving the maximum payment, a drop in income won’t increase the payment amount.
Meanwhile, families whose income rose substantially in 2021 should update their details – or they face having to pay back the IRS next year.