IRS Statistics of Income, Table 1: Advance Child Tax Credit Payments, by Size of Adjusted Gross Income, 2021

Summary

This IRS Statistics of Income table reports advance Child Tax Credit payments by size of adjusted gross income, cumulative through December 31, 2021, with money amounts in thousands of dollars. For all payments, it lists a count of payments of 37962193, a total payment amount of 93621326 and 61976091 qualifying children. Footnotes explain that Section 9611(a) of the American Rescue Plan Act of 2021 made the credit fully refundable and raised the maximum to $3,600 for qualifying children under age 6 and $3,000 for other qualifying children under age 18. The footnotes also state that the IRS disbursed the advance payments from July to December of 2021. The source line reads IRS, RAAS, May 2022.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

Text extracted from the spreadsheet file: one line per row, cells separated by tabs, each sheet headed by its name. Numbers appear as stored, without the workbook’s formatting.

Sheet: TBL14
Table 1.  Advance Child Tax Credit Payments [1], by Size of Adjusted Gross Income, Cumulative through December 31, 2021
(Money amounts are in thousands of dollars)
Size of adjusted gross income [2]	Count of payments [3]	Total payment amount	Number of qualifying children
	1	2	3
All payments, total	37962193	93621326	61976091
No adjusted gross income [4]	211613	542896	349933
$1 under $10,000	2407279	5714185	3604619
$10,000 under $20,000	4148556	10181394	6379391
$20,000 under $30,000	4725445	11828797	7419453
$30,000 under $40,000	4211338	10628711	6689905
$40,000 under $50,000	3124766	8073718	5093918
$50,000 under $60,000	2436352	6335036	4008971
$60,000 under $75,000	2966013	7808061	4943145
$75,000 under $100,000	3857359	10275920	6522488
$100,000 under $200,000	7144142	17710324	12149615
$200,000 under $400,000	2413629	4167923	4174996
$400,000 or more	315701	354362	639657
[1] Section 9611(a) of the American Rescue Plan Act of 2021 (Act), Public Law 117-2, 135 Stat. 4 (March 11, 2021), amended the Child  Tax Credit (CTC) rules under section 24 of the Internal Revenue Code (Code) for taxable year 2021. For taxpayers who have a principal  place of abode in the U.S. for more than half the year or who are bona fide residents of Puerto Rico for the year, the Act made the CTC fully  refundable. The Act increased to age 17 the maximum age for which a child may be a qualifying child for the CTC. The Act also increased the  maximum amount of the CTC from $2,000 to $3,600 for qualifying children under age 6 and to $3,000 for other qualifying children under  age 18. Special rules are provided for U.S. Territories and their residents.  The CTC phases out in two different steps based on the taxpayer’s modified adjusted gross income (modified AGI) in 2021.  The first $1,600 of the CTC per qualifying child under age 6 and the first $1,000 per qualifying child age 6 through 17 phase out sequentially  at a rate of $50 per $1,000 (or part thereof) of modified AGI in excess of a threshold based on the taxpayer’s filing status. The modified  AGI threshold is $150,000 for married joint filers or qualifying widows or widowers, $112,500 for head of household filers, and $75,000 for  all other filers.  The remainder of the CTC, plus any amount of non-refundable $500 credit for other dependents, is further reduced by $50  for each $1,000 (or part thereof) that exceeds $200,000 ($400,000 for married taxpayers filing a joint return) of modified AGI. Larger  families follow a modified phaseout rule that extends the AGI range of the phaseout.  Section 9611(b)(1) of the Act added section 7527A to the Code.  Solely for 2021, section 7527A(a) requires the Secretary of the Treasury  to establish a program for making periodic advance payments of the CTC, the total amount of which equals the taxpayer’s “annual advance  amount.”  The “annual advance amount” of a taxpayer is the amount estimated by the Secretary as being equal to 50 percent of the CTC that  would be allowed to the taxpayer for 2021 based on information reported on the taxpayer’s 2020 Federal income tax return (or their 2019  return if the 2020 return is not available).  The Internal Revenue Service (IRS) disbursed these advance payments from July to December of  2021.  The taxpayer must file a Tax Year 2021 return to claim the remainder of their CTC (if any). Taxpayers could use a designated IRS  online tool, referred to as the “Child Tax Credit Update Portal,” to opt out of advance payments. A taxpayer’s Federal income tax is  increased, dollar-for-dollar, if their total CTC advance payments during 2021 exceed the amount of the CTC to which they are eligible for  that year. However, safe harbor rules may reduce the additional income tax owed depending on the taxpayer’s modified AGI.
[2] Adjusted Gross Income (AGI) comes from the Tax Year 2019 or 2020 return used to determine an individual’s eligibility for and amount  of the advance CTC payments. For individuals initially disbursed a payment based on Tax Year 2019 return information and later disbursed  a payment based on Tax Year 2020 return information, the individual's AGI and number of qualifying children are associated with the  individual’s Tax Year 2020 return information.
[3] The numbers shown reflect advance CTC payments disbursed during 2021 to eligible recipients based on taxpayer account  information.  In the table, payments refer to the number of primary payment recipients that received one or more advance CTC payment  during 2021.  The table includes payments issued in each monthly payment wave, as well as any payments made outside of the monthly  payment, such as replacements for undeliverable payments.  If a tax unit filed a joint return and each spouse received part of a payment, then  this table counts that as a single payment, and the dollar amounts of the partial payments to the spouses are  added together.  For example, if two spouses who filed jointly each received $750 in payments during the year, then this table reports  a single payment of $1,500.  If a married couple received advance CTC payments based on a Tax Year  2019 joint return and then later based on a Tax Year 2020 joint return and if the couple changed which spouse was listed as the  primary (secondary) filer across the two returns, this table reports a single payment.
[4] Includes returns with negative or zero AGI.
NOTE: Details may not add to totals because of rounding.
SOURCE: IRS, RAAS, May 2022

File and source

File

21in01actc.xls

Size

54,272 bytes

SHA-256

44d3347b72781eaa46477c08c4475a36c0c4b5e484094e3f4d5aab5107dacc3b

Our copy

21in01actc.xls

Original

www.irs.gov