Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

Mother And Father Helping Their Two Children With Homework At Kitchen Table
Getty Images

The final advance child tax credit payment for 2021 is set to hit bank accounts on Dec. 15, rounding out a six-month series of checks that supported an estimated 61 million American kids.

Now, families are asking: What about 2022?

The American Rescue Plan signed into law earlier this year enhanced the 2021 child tax credit, increasing its maximum value, making it fully refundable and expanding eligibility. Families could qualify for up to $3,000 per child between ages 6 and 17 and $3,600 per child under 6 — and receive half of the sum before actually filing their taxes.

But the changes weren't permanent. Without further congressional action, the child tax credit will revert back to $2,000. The monthly installments will end. And according to a growing chorus of advocates, that's unacceptable.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
The right Tax Relief firm makes all the difference, especially if you owe over $10k in taxes.
Get tailored experience that you expect from your tax litigation and tax preparation professionals in your area. Click on your state to get started!
HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas
Get Started

Leading the charge is President Joe Biden himself, who included a proposal to extend the enhanced child tax credit through Dec. 31, 2022, in his Build Back Better plan. The U.S. House of Representatives passed the bill just before Thanksgiving.

Rep. Suzan DelBene, D-Wash., released a statement Monday pushing the Senate to take action.

"It is time for the Senate to act before the expanded Child Tax Credit payments expire at the end of December," DelBene said. "American families cannot afford to lose this critical middle-class tax cut, which has cut child poverty in half and helped millions of families afford childcare, pay their bills and put food on the table."

The timing is a major issue. Senate Majority Leader Chuck Schumer, D-N.Y., has said he wants a vote before Christmas — but holdouts like Sen. Joe Manchin, D-W.V., have reportedly expressed hesitation. Tweaking the legislation to shore up votes like Manchin's could delay passage into the new year, meaning families may start 2022 without a firm plan for child tax credit installments in place.

"Families need to know that critical programs like the child tax credit will continue uninterrupted," Schumer told the Senate Monday.

While waiting for Congress, there's not much families can do in the meantime.

If you received monthly child tax credit payments in 2021, remember to claim the other half of the money when you file your income taxes next spring. Look out for a Letter 6419 from the IRS to arrive in January with information about how much you received.

If your family didn't get the CTC payments but you believe you qualify — or if you opted out — you can claim the entire credit on your taxes.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
If you owe more than $10k in taxes, Tax Relief can allow you to break down your debt into payments.
Anthem Tax Relief provides a full menu of tax relief services to help clients get out from under the yoke of tax debt.
Get Started

More from Money:

Missed the Final Child Tax Credit Deadline? You Can Still Get Your Money From the IRS

From Car Repairs to Cub Scout Uniforms, Here's How Parents Spent Their Child Tax Credit Payments

The IRS Is Still Seeing a 'Record Number' of Stimulus Check Scams