Child Credit Calculator for Union Members
AFSCME’s Online Child Tax Credit Calculator makes it easy
In response to the pandemic, unions pressed the government for many of the financial reliefs provided by the American Rescue Plan, including the Child Tax Credit. You can calculate how much money you can expect (up to $3600 annually per child) using the AFSCME Child Tax Credit Calculator. Please note when you fill in the form that SHARE members at UMass Memorial Hospital are in AFSCME Local Number 3900. AFSCME is the parent union to SHARE. (Providing your cell phone number signs you up by default to receive text messages from AFSCME and its affiliates, although you can also opt out of these.)
Calculation Basics
According to CNET, For parents of eligible children up to age 5, the IRS will pay up to $3,600, half as six advance monthly payments and half as a 2021 tax credit. For each child ages 6 through 17, the IRS will pay up to $3,000, divided in the same way this year and next. For dependents aged 18 or full-time college students up through age 24, the IRS will make a one-time payment of $500 in 2022. If your AGI (Adjusted Gross Income) is $75,000 or less as a single filer, $112,500 or less as a head of household or $150,000 or less filing jointly, you'll get the maximum amount.
Other Useful Tools
Find answers to Frequently Asked Questions about the calculation, joint child custody, avoiding overpayment, and more. The site also provides a Tax Credit Calculator. (If you are overpaid, you may be required to pay the overpayment back in your annual returns to the IRS.)