Mayor Duggan addressed Detroiters July 12 about importance of Child Tax Credit
On July 12 Mayor Duggan addressed Detroiters about the importance of the Child Tax Credit. To get more information on the Child Tax Credit or to schedule a free tax preparation appointment, go to getthetaxfacts.org or call 2-1-1.
Mayor Mike Duggan delivered an address on July 12 to walk Detroit families through the process of claiming a powerful one-time child tax credit that can mean thousands of dollars of additional income for Detroit families with children.
The tax credit, ranging from $3,000 to $3,600 per child, is available under President Joe Biden’s American Rescue Plan Act. A family with three children ages 17 or younger, for example, may be eligible for more than $10,000 in additional income. With an income threshold of $75,000 per individual or $150,000 per married couple, the vast majority of Detroit families are eligible for the credit.
During his presentation, Mayor Duggan walked through several scenarios so the Detroit families will know exactly what they need to do to receive the credits.
To receive the credits, residents must have filed federal tax returns for 2019 or 2020, or signed up to receive a stimulus check from the Internal Revenue Service. If their annual income is below the level required to file a tax return, all that is needed is to fill out and submit a simple form to receive the credit.
The Mayor was joined by a panel of experts who answered questions to help direct Detroiters to free tax preparation assistance to help them claim their child tax credit.
“With this one-time tax credit, President Biden and our congressional delegation have given Detroit families an extraordinary opportunity to significantly increase their income this year and in many cases, be lifted out of poverty,” Duggan said. “We are going to do everything we can as an administration to make sure every eligible family in our city is able to take advantage of this incredible opportunity.”