If you began to receive the monthly child tax credit payments in July, by the end of 2021 you will have received half of the 2021 child tax credit in advance. The other half will be included as a refundable amount on your 2021 tax return.
For example---if you have one child 6 or older you are now getting $250 per month--by December that is $1500. The total amount of the CTC for the child is $3000----so you will still get $1500 as a credit on your 2021 return.
https://ttlc.intuit.com/community/family-tax-credits-and-deductions/help/what-are-the-new-child-tax-...
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
