From the IRS Website:
Without further extensions the Child Tax Credit (CTC) will return to normal levels and can only be claimed when filing your tax return, versus advance fully refundable payments provided during the pandemic years.
The child tax credit (CTC) will reset to at $2,000 per child in 2022 and 2023. See the section below for the latest income thresholds for getting the full CTC payment, which is based on earned income and qualifying child criteria.
Families must have at least $2,500 in…Read more