Calculate your child tax credit

Good news! Families with children are now receiving an advance on their 2021 child tax credit. Our child tax credit calculator tells you how much money you might receive in advance monthly payments in 2021 and how much of the credit you’ll claim when you file your return next year.

Find answers on this page about the child tax credit payment, the calculator, and why you may want to use the IRS child tax credit portal.

Filing status:

  • How much is the child tax credit worth?

    Your amount changes based on the age of your children. The payment for children:

    • Ages five and younger is up to $3,600 in total (up to $300 in advance monthly)
    • Ages six to 17 is up to $3,000 in total (up to $250 in advance monthly) 


    Additionally, a portion of your amount is reduced by $50 for every $1,000 over certain income limits (see the FAQs below). Our child tax credit calculator factors in this reduction for you.
     

  • When and how will I receive it?

    The first payment was sent on July 15, with additional payments on the 15th of each month (unless on a holiday or weekend), and the sixth and final payment in December. You can claim the remainder when you file your 2021 tax return.

    For most, the payment will go to the bank account where you received your 2020 refund – or 2019 if that’s the last time you filed. If you didn’t have a bank tied to your return, you can expect the money to mailed to the address on your return.

    Emerald Card Holders: You’ll get the payment on your card if that’s where you received your most recent refund. Call 1-866-353-1266 if you need a new card.
     

  • What is the IRS portal? Can I update my information there?

    The IRS has created an online portal to allow you to opt out of advance payments. You may want to opt out:

    • to get the full credit at tax time, or
    • because your situation has changed, and you may be liable for repaying some or all of the advance.


    Additional portal functionality will follow in the coming months. Get details about the portal and repayment situations in our
    new child tax credit article.

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Frequently asked child tax credit calculator questions

First, you’ll need to consider the ages of your eligible children and your income.

  • Ages five and younger is up to $3,600 in total (up to $300 in advance monthly)
  • Ages six to 17 is up to $3,000 in total (up to $250 in advance monthly)


However, a portion of your amount will be reduced by $50 for every $1,000 over the following modified adjusted gross income limits.

  • $150,000 for Married Filing Jointly or Qualified Widow(er)s
  • $112,500 for Head of Household filers, and
  • $75,000 for Single and Married Filing Separate

To easily calculate your child tax credit, use our child tax credit calculator.

You should use the ages of your children as of December 31, 2021, as this is what would apply on your 2021 return.

The child tax credit calculator uses the information that you’ve entered. It does not account for any opt outs you’ve requested or if you may be subject to overpayment.

Review our article about the new child tax credit to understand details about the advance, payback requirements, including information about those who are exempt from repayment.