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Todd Decker

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IRS Child Tax Credit

Child Tax Credit – Advance Monthly Payments Explained

Tax ServicesBy Todd DeckerSeptember 14, 2021

The American Rescue Plan Act signed into law this past March expanded the Child tax credit from $2,000 per child to $3,000 per child ($3,600 for children under 6). In addition, the law allows for ½ of the credit to be paid out monthly. In July the IRS began issuing advance payments of the child…

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