Advanced Child Tax Credit Payments 2021
Starting in July, 2021, the IRS is sending out Advanced Child Tax Credit Payments as part of the American Rescue Plan legislation that was signed by President Joe Biden to help stimulate the economy.
In this video we will breakdown the payments, how they effect your taxes, and what you need to do to prepare for tax season next year.
Here is the calculator from Kiplinger that will show you how much to expect in your monthly payments, mentioned in the video: CLICK HERE.
Have a specific question about your own financial or tax circumstances? Schedule your introductory conversation below!
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Joshua Duvall, CFP®, RTP launched his own Registered Investment Adviser in 2017 after more than a decade in the financial industry, working for some of the world’s largest and most successful firms including LPL Financial, New York Life, and State Farm Ins. Co. Married with two children, Josh resides in Tabernacle, New Jersey and is an engaged member of his community. Josh enjoys coaching youth sports, rooting for The Ohio State Buckeyes, and sharing his passion for Jesus through biblical ministry and community service.