Beginning July 15, 2021, IRS will begin sending taxpayers with children 17 and younger an advanced child tax credit. The advance is not in addition to the credit on your tax return, it is instead of that credit. We recommend that all taxpayers who received a letter from the IRS in June advising them that they were eligible to receive the advanced payments, opt out to avoid possible repayment at tax time.
Go to the IRS website and follow the instructions to opt out. You can opt out at any time, even after you receive your first payment.
Happy Fall! Our offices will be closing on Fridays at 1 pm for the rest of this year as we rest up for next year!