DENVER (CBS4)– Gov. Jared Polis and Sen. Michael Bennet are teaming up to get all eligible Colorado families signed up for the expanded child tax credit. They’re promoting a mobile app that allows families to direct file a 2020 simplified tax return in order to receive the benefits.
The tax credit went into effect in July. Parents can expect to receive $3,600 for children under the age of six and $3,000 for children 6-17.
Half of the money will be paid out over six months and the other half will be a claim made on tax returns.
In addition to the child tax credit, Polis signed legislation that adds a refundable state child tax credit of up to $1,080 per child. Eligible residents may claim it when filing 2022 taxes in 2023.