Changes with Child Tax Credit
ALPENA, Mich. — Good news for families looking to take advantage of the Child Tax Credit as the new changes will help families receive advance payments.
Half of the total credit amount will be paid to recipients in advance monthly payments. When filing your 2021 income tax return, recipients will receive the other half.
The IRS plans to issue the first payment on July 15, 2021.
For more information, you can visit IRS.gov.