Advance Child Tax Credit…Should You Turn It Down?
Advance Child Tax Credit…Should You Turn It Down? Tom explains the 2021 changes to the child tax credit made by the American Rescue Plan. He also gets us thinking that…
June 28th, 2021
Guest bloggers Debbie Cook, CPA and Kailee Smith from AGC Solutions share a couple helpful videos on the Advanced Child Tax Credit. They explain how the credit works, how much taxpayers should expect to receive, and reasons to consider opting-out of receiving the credit in advance. In the second video, Cook and Smith go on to provide step-by-step instructions for how to unenroll from the Advanced Child Tax Credit. They remind us that if a taxpayer does nothing, they will automatically receive the advanced credit this July.
Videos created by AGC Solutions
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