Child Tax Credit | Frequently Asked Questions

1. What is the Child Tax Credit (CTC)?

The child tax credit is a federal tax credit. The advance Child Tax Credit (CTC) is a pre-payment of the Child Tax Credit that is available when you file your federal income taxes. Qualifying taxpayers may receive half of their estimated Child Tax Credit amount as monthly prepayments between July and December 2021, and can receive the balance of the credit available when they file their 2021 federal income taxes, beginning in January, 2022.

2. How do you claim the Child Tax Credit (CTC)?

Now through October 15th, families can use a simple, easy-to-use mobile application on their phones that is available in English and Spanish. Submitting information via this portal will allow families to directly file a 2020 simplified tax return with the IRS so they can claim all eligible advance CTC and stimulus payments.  After October 15, the IRS will only accept paper applications until next year.

  More CTC Information in English          Más Información de CTC en Español

 

3. How do you qualify for the Federal Child Tax Credit?

For more information about how to qualify for the prepayments, how to register to receive prepayment, or how to opt-out of receiving prepayments, you can visit the IRS website at https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021.

4. Does Colorado have a state Child Tax Credit?

The Colorado Child Tax Credit is a new credit similar to the federal credit.  It will be available for Colorado residents to claim on their 2022 Colorado income tax return when they file beginning in January 2023.

5. Who can access the Colorado Child Tax Credit?

The Colorado Child Tax Credit will be available to Colorado residents with incomes of $75,000 or less ($85,000 for married taxpayers filing jointly) with children under age six as of December 31, 2022 who qualify for the federal Child Tax Credit. Children under age six who would qualify for the federal Child Tax Credit if they had a social security number will qualify for the Colorado Child Tax Credit.

6. If the parents are undocumented immigrants, how can they receive the child tax credit advance?

If a family has at least one qualifying child who is under age 18 at the end of 2021 and who has a valid Social Security number they may receive the advance Child Tax Credit, regardless of the immigration documentation status of the parents. 

For more information about how to qualify for the credit and prepayments, how to register to receive prepayment, or how to opt-out of receiving prepayments, you can visit the IRS website at https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021 or the GetCTC website at https://www.getctc.org/en (English) or https://www.getctc.org/es (Español).