Advanced Child Tax Credit (CTC)

The IRS has announced the advanced CTC will begin July 15th and will be issued through direct deposit, paper checks, and debit cards on the 15th of each month there after.

Eligible families will receive up to $300 per month for each child under six years old and up to $250 per month for each child between the ages of 6 and 17.

The advanced payments will reduce the credit received when filing your tax return at the end of 2021.

Available soon there will be an option for taxpayers to opt out of the advanced payments and update personal information for change in dependents and expected income at the link below.