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Deductions & credits
This advance CTC situation is getting crazy ... I cannot believe that CONGRESS would give any kind of pass to not have to repay a credit that was not what it was meant for ... this way 2 people could legally get some of the credit for the same child !!! No wonder the national debt is climbing daily since we keep giving out social welfare payments hidden as income tax refunds. One more place for fraud in the income tax system.
Read up on all the rules here : https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-t...
‎July 11, 2021
8:41 AM