American Family Act of 2021 This bill modifies the child tax credit to (1) make the credit fully refundable, (2) increase the amount of the credit and allow an additional credit for children who are under six years of age, (3) require the amount of the credit to be adjusted annually for inflation, and (4) require the Department of the Treasury to establish a program for making advance payments of the credit on a monthly basis.
Caribbean areaImmigration status and proceduresIncome tax creditsInflation and pricesNorthern Mariana IslandsPuerto RicoTax treatment of familiesU.S. territories and protectorates
American Family Act of 2021
USA117th CongressHR-928| House
| Updated: 2/8/2021
American Family Act of 2021 This bill modifies the child tax credit to (1) make the credit fully refundable, (2) increase the amount of the credit and allow an additional credit for children who are under six years of age, (3) require the amount of the credit to be adjusted annually for inflation, and (4) require the Department of the Treasury to establish a program for making advance payments of the credit on a monthly basis.
Caribbean areaImmigration status and proceduresIncome tax creditsInflation and pricesNorthern Mariana IslandsPuerto RicoTax treatment of familiesU.S. territories and protectorates