Still curious about the advance child tax credit you’ve been hearing about? Not sure if you should opt out?
Long story short…. The #IRS increased the child tax credit for 2021. In order to help get that money out to families who need it now, they are advancing half of it in the form of monthly payments starting this month automatically. If you would rather have a bigger credit on your tax return next year, you can opt out and the IRS finally released the portal to do so last week found here Manage and Opt out of advance payments. You should also use this link if your banking info has changed since you filed your last tax return.
Check out the IRS link for everything Advance Child Tax Credit Payments in 2021 below:
Check out www.westaxinc.com for more tax tips and info. Contact us @ email@example.com or 941-893-1791 if you need immediate assistance. #taxes #taxproblems #irs #irsproblems