Jump to content
ATX Community

advanced child tax credit


Marie
 Share

Recommended Posts

The advance payments end in 2021, so unless congress decides otherwise there will be no advance in 2022.  Reminds me of years ago when IRS offered advance EIC payments so the money could arrive monthly to help with bills instead of all at once at tax time.  After a few years they discontinued that option because of lack of interest.  Anybody remember that? 

An issue this year will be that people will be surprised when their refund is lower than usual because they already got some of the credit.  For example, if they normally get a CTC of $4000 for two children, this year they are entitled to $6000 but already got $3k, so the credit on their tax return will be $3k instead of $4k.  They might notice that.  I am so not looking forward to the coming tax season!

  • Like 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...