In 2021 and 2022, taxpayers can claim a Child Tax Credit of up to what amount for each child under age 17?

For the tax years 2021 and 2022, the Child Tax Credit was significantly expanded under the American Rescue Plan Act. For these years, taxpayers can claim a Child Tax Credit of up to $3,600 for each child under the age of 6 and up to $3,000 for each child aged 6 to 17. This amount reflects the increase designed to provide additional financial support to families during the economic challenges posed by the COVID-19 pandemic.

The specifics of the credit during this time indicate that the maximum credit was notably higher than previous years, making it an important benefit for eligible families. This expansion of the credit aligns with the government's efforts to assist families and improve economic stability for households with children.