The Child Tax Credit traditionally gave eligible families a credit of $2,000 per child.
This year, the 1.9 trillion American Rescue Plan Act of 2021 raised the maximum number to $3,000 per child ages 6 to 17 and up to $3,600 for younger children.
What if you could invest those credits for your child’s future?
CNBC crunched the numbers, and we can tell you how much your child will have for retirement at age 67 if you invest the equivalent of the Child Tax Credit each year until he or she turns 18. go.
Watch this video for a full breakdown of the numbers.
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