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Advance Child Tax Credits are coming!

06-30-2021Children & Students

The American Rescue Plan Act of March 2021 changed a number of provisions for the child tax credit – these tax changes are temporary and only apply to the 2021 tax year.

  • Raised the age of qualifying children to 17 from 16
  • Increased the amount for certain taxpayers
  • Made the credit fully refundable (meaning you can receive it even if you don’t owe the IRS)
  • May be partially received in monthly cash payments
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