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Deductions & credits
assuming you will be entitled to the CTC in 2021, the advance payment will reduce your refund or increase the balance due. you do have the option of opting out of the advance credit. should you not qualify for the CTC you'll have to repay the advance.
https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
‎July 24, 2021
12:13 AM