This year, the child tax credit will rise to $3,600, with the next advance payment scheduled for Dec. 15. Check out this guide for more details about how much is the child tax credit, who qualifies, when to expect payments, and how to opt out. IRS statistics indicate that 36 million Americans may be eligible for the child tax credit, or CTC, this year, as part of the American Rescue Plan (TRP). The fully refundable credit is usually up to $2,000 per qualifying dependent, and is set to increase to $3,600 in 2021. How to Estimate Your Child Tax Credit Amount The child tax credit 2022 calculator will ask you a few simple questions about your dependents and will tell you if you qualify for the child tax credit and how much you may claim on your tax return. For the first time in U.S. history, recipients receiving CTCs can also receive half of the credit as an advance cash payment. For many families, this has the potential to result in an additional $300 per child per month for much-need