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Which of the following statements regarding the 2021 Child Tax Credit (CTC) is FALSE? ...

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Accounting

Which of the following statements regarding the 2021 Child Tax Credit (CTC) is FALSE?

The CTC is fully refundable and there is no earned income requirement.

To claim the CTC, a taxpayer must have a qualifying child under age 17.

The amount of CTC for qualifying children has increased from $2,000 per child to $3,000 per child age 6 through age 17.

The amount of CTC for qualifying children has increased from $2,000 per child to $3,600 per child age 0 through age 5.

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