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Expanded Child Tax Credit for 2021
My ex-wife and I have a custody agreement in which we alternate years on claiming our daughter (12). The expanded child tax credit for 2021 ultimately will be tied to the 2021 tax filing year in which I will claim my daughter, but the payments are based on the latest filing year (2020) in which my ex-wife claimed my daughter. Should she defer the payments with the IRS as to not risk having to pay this money back when she files her 2021 taxes? I have looked at other online forums and articles and information is very vague.
‎July 14, 2021
9:40 AM