[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-303419-105":53,"doc-detail-303419-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","information-for-families-regarding-the-american-rescue-plan-act-of-2021","Information for Families Regarding the American Rescue Plan Act of 2021","","Information for families explains how the American Rescue Plan Act of 2021 may affect finances for those with young children. It outlines changes to the Child Tax Credit, including higher refundable amounts, monthly payments, and eligibility thresholds. It also summarizes updates to the Child and Dependent Care Tax Credit, such as higher maximum credits, expanded qualifying expense limits, and refundability. Finally, it covers the temporary increase to the Dependent Care Flexible Spending Account (DCAP) contribution limit and directs readers to relevant IRS and other resources, while noting no legal or financial advice.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/information-for-families-regarding-the-american-rescue-plan-act-of-2021/303419/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/information-for-families-regarding-the-american-rescue-plan-act-of-2021/303419.png","ImageObject",442,249,{"name":88,"@type":89},"Angel","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-05","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":79},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What changes does the American Rescue Plan Act of 2021 make to the Child Tax Credit?","Question",{"text":108,"@type":109},"It increases the Child Tax Credit, makes it fully refundable for 2021, and raises the maximum to $3,000 per child (ages 6–17) and $3,600 for children under 6. The law also enables monthly payments from the Treasury for eligible families.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How do families determine eligibility for the Child Tax Credit under ARPA?",{"text":113,"@type":109},"Eligible households must qualify based on having qualifying children and falling below income thresholds. Examples provided include $75k for single parents, $112,500 for heads of households, and $150k for two parents.",{"name":115,"@type":106,"acceptedAnswer":116},"What does ARPA change for DCAP and the Child and Dependent Care Tax Credit for 2021?",{"text":117,"@type":109},"For 2021, DCAP allows employees to contribute up to $10,500 pre-tax instead of $5,000. The Child and Dependent Care Tax Credit also expands qualifying expense limits to $8,000 for one child and $16,000 for two or more, and it is refundable for the 2021 tax year.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},303419,1790470170,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":79,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},687207412472,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Information for Families Regarding the American Rescue Plan Act of 2021  \nFor families with young children, the recently enacted American Rescue Plan Act may have a significant financial impact. Of note are the increase in the child tax credit, the child and dependent care credit, and the expansion of the dependent care flexible spending account (aka DCAP) . Please be aware that this document is for informational purposes only and should not be taken as legal or financial advice. The intention is to share information that may be beneficial to our families. Please consult your financial planner, tax advisor, the IRS, or state revenue officials to confirm your eligibility.  \nChild Tax Credit  \n• The American Rescue Plan Act increases the child tax credit which will benefit 94% of American families who fall within income eligibility for this credit.  \n• The credit is fully refundable for 2021 and increases the amount to $3,000 per child (from $2,000), forchildren ages 6 to 17. The credit amount increases to $3,600 for a child under age 6.  \n• Families will receive monthly payments from the Treasury allowing them to cover costs relating to childcare.  \n•  How it works: If an American household qualifies for the credit based on having children and falling below the income threshold ($75k for single parent; for head of households, $112,500; $150k for two parents), they will receive monthly government checks.  \nFor each child, a qualifying family will receive $3000/year or $3600/year for children under 6-years-old. So, if your family qualifies for $7200 annually, you may receive a $600 check each month!  \nChild and Dependent Care Tax Credit  \n• ARPA increases the maximum value of the credit and allows more taxpayers to qualify for the full credit (it was previously based on a family’s adjusted gross income and many families phased out of it due to income—the maximum credit applied to families who received $15,000 or less annually) .  \n• The new phase out threshold is increased to $125,000 (meaning as a family begins receiving over $125k, the credit begins to diminish) . Taxpayers earning over $500,000 do not receive the credit.  \n• Previously, the CDCTC granted a credit worth between 20% and 35% of child care costs for a child underage 13 and qualifying child care expenses were limited to $3,000 for a single child and $6,000 for two or more children.  \n• The amount of qualifying child care expenses is now increased to $8,000 for one child and $16,000 for two or more children.  \n• Importantly, for the 2021 tax year, the credit is refundable and families may see refunds in 2022 for childcare expenses paid of $8k or $16k.  \n•  How it works: In practice, a typical family will file their taxes declaring these qualifying child care expenses and may reduce their federal income tax liability based on child and dependent care expenses.  \nExpansion of the Dependent Care Flexible Spending Account (aka “DCAP”)  \n• ARPA provides a temporary increase in the amount an employee may contribute to a dependent care FSA for the 2021 tax year.  \n• This expansion specifically increases the amount of pre-tax flexible spending available for families from $5,000 to $10,500 in 2021.  \n•  How it works: In practice, any individuals enrolled in dependent care FSAs through their employersponsored benefits which previously was limited to $5,000 in pre-tax spending relating to costs associated with child care, babysitting, summer camp, etc. may be eligible for $10,500 in pre-tax spending on that account.  \nFamilies interested in learning more about and/or enrolling in DCAP should work directly with their employer and HR representative.  \nFor more information on the tax credits and DCAP expansion, please refer to the following websites:  \n• Child Tax Credit: [https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit](https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit)or-the-credit-for-other-dependents  \n• ","cbCaik5DFL7TWl3Y","https://ap.wps.com/l/cbCaik5DFL7TWl3Y","pdf",153385,"English","# Overview\n# Child Tax Credit\n# Child and Dependent Care Tax Credit\n# Expansion of the Dependent Care Flexible Spending Account (DCAP)\n# Resources","[{\"question\":\"What changes does the American Rescue Plan Act of 2021 make to the Child Tax Credit?\",\"answer\":\"It increases the Child Tax Credit, makes it fully refundable for 2021, and raises the maximum to $3,000 per child (ages 6–17) and $3,600 for children under 6. The law also enables monthly payments from the Treasury for eligible families.\"},{\"question\":\"How do families determine eligibility for the Child Tax Credit under ARPA?\",\"answer\":\"Eligible households must qualify based on having qualifying children and falling below income thresholds. Examples provided include $75k for single parents, $112,500 for heads of households, and $150k for two parents.\"},{\"question\":\"What does ARPA change for DCAP and the Child and Dependent Care Tax Credit for 2021?\",\"answer\":\"For 2021, DCAP allows employees to contribute up to $10,500 pre-tax instead of $5,000. The Child and Dependent Care Tax Credit also expands qualifying expense limits to $8,000 for one child and $16,000 for two or more, and it is refundable for the 2021 tax year.\"}]","Information for Families Regarding the American Rescue Plan Act of 2021 | PDF",1789803371]