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Deductions & credits
Let's please clarify-----there is a way that divorced/not married parents can alternate who claimed a child and each end up getting stimulus money for the same child.
I have seen nothing to indicate that two divorced/not married parents can both get the CTC for the same child on a 2021 tax return.
If someone gets advance CTC payments for a child they cannot claim on a 2021 tax return they should end up repaying it or losing the credit when they reconcile it on their 2021 tax return.
**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.**
‎July 11, 2021
9:20 AM