Reconciling 2021 advanced child tax credit payments

The intent behind the advanced Child Tax Credit of 2021 was to assist families financially. If eligible, half of your total child tax credit amount was advanced out in the form of monthly payments (known as child tax relief payment) beginning July 2021 to December 2021. The other half will be claimed when filing your …

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Custody and advanced child tax credits

Your custody situation may affect the advanced child tax credit credits. New legislation is allowing advance payments of the Child Tax Credit in 2021. Half of the total credit is being paid automatically (you can opt out) by the IRS in advance monthly payments while the other half can still be claimed when you file …

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