topic Re: Would you like to help spread the news about the advanced Child Tax Credit? in Deductions & credits

Would you like to help spread the news about the advanced Child Tax Credit?

JoeD_CPA_CFP — Wed, 21 Jul 2021 19:28:33 GMT

The IRS will be releasing additional materials and information that can be easily shared by social media, email, and other methods. The IRS urges employers, community groups, non-profits, associations, education groups, and anyone else with connections to people with children to share this critical information about advance Child Tax Credit payments and the Child Tax Credit expansions for the 2021 tax year.

Share this link

Re: Would you like to help spread the news about the advanced Child Tax Credit?

JoeD_CPA_CFP — Wed, 21 Jul 2021 19:29:04 GMT

Share on facebook too

Re: Would you like to help spread the news about the advanced Child Tax Credit?

Wisconsin37 — Tue, 03 Aug 2021 20:21:15 GMT

But one question what about parents that do every other year so the parent that didn't claim a child for the EIC credit this year in 2020 but will get to for 2021. they don't get this credit even though it's this claiming them and have claimed them in 2019.

Re: Would you like to help spread the news about the advanced Child Tax Credit?

Critter-3 — Tue, 03 Aug 2021 21:01:13 GMT

If the child will be reported on the other parent's return for 2021 then the parent who claimed on the 2020 return and is getting the advance payments should OPT OUT ASAP since they will need to repay the advance payments on the 2021 return if they don't get the credit.

The parent who claims the dependent on the 2021 return will get the credit on the 2021 return OR eventually they may be able to use the IRS portal to indicate the dependent will be claimed by them to get some of the credit in advance.

READ all the FAQs here : https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

Re: Would you like to help spread the news about the advanced Child Tax Credit?

vavilez — Mon, 16 Aug 2021 15:53:44 GMT

I want to know why I haven’t got my child tax credit if I did my taxes ans got my stimulus checks n everything is their something I didn’t do right that’s why I haven’t got it I want to know because I can use the extra money

Re: Would you like to help spread the news about the advanced Child Tax Credit?

DoninGA — Mon, 16 Aug 2021 15:59:21 GMT

@vavilez wrote:

I want to know why I haven’t got my child tax credit if I did my taxes ans got my stimulus checks n everything is their something I didn’t do right that’s why I haven’t got it I want to know because I can use the extra money

No one from TurboTax will know why you have not received the advance Child Tax Credit. The advance is being distributed by the IRS based on the information they have available.

Go to this IRS website for advance Child Tax Credit FAQ's - https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-frequently-asked-questions