UH_ADVCTC_A1 is a 5 digit numeric variable.
00000 = NIU
Advance payment of expanded child tax credit, 2022-2023
UH_ADVCTC_A1 reports the amount of advance expanded child tax credit payments received by the respondent.
The child tax credit was expanded by the American Rescue Plan Act in 2021 in response to the COVID-19 Pandemic. The credit amount was increased, the age qualifications were expanded, the credit was made fully refundable, and was paid in advance in monthly payments beginning in July of 2021, instead of being included as part of the tax refund.
The child tax credit provided up to $3,600 per child under 6 years old and up to $3,000 for each child aged 6 to 17. Amounts were phased out based on income limits. For more information, please see Bee et al., 2022.
- Tax unit head or dependent filer