 TITLE: What Is the Earned Income Tax Credit? CONTENT: Are There Other Tax Credits Available?\n--------------------------------------\nMany other tax credits are available to both individuals and families. In particular, taxpayers who qualify for the EITC may want to consider the child tax credit (CTC) and the additional child tax credit (ACTC). Both of these credits target families with similar income and qualifying characteristics. In 2020, the ACTC is refundable, meaning that if you qualify and your credits exceed your tax bill, you can receive the difference as a refund.\nAlso, be aware of new tax changes for the 2021 tax year. The American Rescue Plan Act, passed in March of this year, may make it easier for single taxpayers to qualify for the EITC—and may offer them more relief. Look for additional changes to EITC rules, along with enhancements to the child tax credit and more for 2021.\nClaiming the EITC may require a bit of effort, but much of the work is math you're already doing to file your taxes. Receiving this tax credit may help you and your family weather a difficult financial year, and that's welcome news after the many challenges of 2020. END