Kathryn Bruns, CPA
The 2021 Advanced Child Tax Credit
2020 was a difficult tax year, filled with new provisions designed to help folks affected by COVID-19. 2021 is going to be another doozy.
Introducing the "Advanced Child Tax Credit"...for those that reported a child tax credit on your last filed tax return, check you bank account since you may have just been issued your first monthly prepayment. See the attached news piece for detailed information on this provision, and make sure you give your CPA the amounts you received when it comes time to file your 2021 taxes.