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Deductions & credits
Depending on the circumstances, I would NOT recommend the father to "opt out" of the Advance payments. But I would advise him to put it in a savings account because of the POTENTIAL he will need to repay the Advance payments.
If a person's income is under certain levels, the repayment may be reduced or eliminated, which is why I would not advise to "opt out".
‎July 11, 2021
8:21 AM