As a result of the American Rescue Plan Act program that began in March 2021, the work credit temporarily expanded benefits for the year 2022 in Puerto Rico. He increased the maximum age to 17 years and increased the credit to $3,000 per qualifying child and $3,600 if he is under 6 years of age. This credit is fully refundable and there is no earned income requirement.
For more information and to know if you qualify for this credit, you can call us and we will gladly help you.
November 23, 2020
This credit was extended to Puerto Rico in March 2021 under the American Rescue Plan Act program with the purpose of increasing labor participation and increasing the income that workers receive annually. The persons who may benefit from this credit will be those residents of Puerto Rico throughout the year, who have earned gross earned income and who are not claimed as dependents on another taxpayer's return. The amount of this credit to be received will depend on the number of dependents and personal status at the end of the year.
November 23, 2020