The Child Tax Credit continues to be one of the most valuable tax benefits for families, especially during years when monthly advance payments are available. But many parents are still unsure how eligibility works, when… Common Questions About the Child Tax Credit Payments
The Advance Child Tax Credit payments were based on the IRS records from the most recent tax return on file. This means the parent who claimed the child last year may have received the monthly… How does a taxpayer’s custody situation affect their advance child tax credit payments?
When Custody Changes, So Do The Payments Advance Child Tax Credit payments were based on the most recent tax return the IRS had on file. But custody situations change, and many families discover that whoever… How A Taxpayer’s Custody Situation May Affect Their Advance Child Tax Credit Payments