Advance Payments of the Child Tax Credit

Advance Payments of the Child Tax Credit

The IRS will begin sending advance payments of the Child Tax Credit 7/15/21.  This fact sheet answers common client questions about the new program including:

2021 only... scheduled to expire in December 2021

Number of payments and time of month to expect them.

How to opt-out or make changes due to change of circumstance.

Do you have to pay them back.

Keeping track of what you get.

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