For tax year 2021, the Kid Tax Credit is $3,600 per child for qualified children under the age of six and $3,000 for qualifying children aged six to seventeen. The credit is completely refundable, which means that it can be received as a refund even if a family owes no federal income tax. Taxes restrict the resources available to impoverished families to pay for increased child care and transportation costs incurred while they earn their way out of poverty. The money you pay in taxes is spent in a variety of ways. Your tax funds support common resources like as police and firefighters, in addition to supporting the wages of government employees. Tax dollars assist to keep the roads you use safe and well-maintained. Public libraries and parks are supported by taxes.
